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Chairman's Opinion
A welcome from CEO Dr Viberto SelochanWelcome to the inaugural edition of First News. The past year and a half has been turbulent in the Australian marketplace as the flow-on effect from the credit crunch trickles into Australia. Despite this, Australia’s housing sector is holding up relatively... Read more »
Finance News
RBA takes pause, holds cash rate at 3.75%At its monthly Board meeting today, the Reserve Bank of Australia shocked most analysts with a decision to leave the cash rate unchanged at 3.75 per cent. While... Read more »
Commercial, personal finance numbers strongCommercial and personal financing rose in the month November, offsetting weakness in housing loans. Commercial financing increased four per cent to $26.677 billion,... Read more »
National News
Consumer sentiment boost likely to put pressure on ratesA leading consumer confidence reading surged 5.6% in January from 113.8 in December to 120.1 in January as consumers became more bullish on the state of the job... Read more »
Property
Property market takes a breather in DecemberAfter recording a stellar performance over most of 2009 the Australian residential property market ended 2009 on a softer note with national home values dipping... Read more »
Victorian house prices soar to new heightsThe REIV December quarter Property Update has revealed a new record high median house price of $540,500 in Meblourne, an increase of 15 per cent from $470,000 in... Read more »
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