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Reverse mortgages jump 80 per cent to $1.5 billion

WWW.THESHEET.COM  |  TUESDAY, 17 APR 2007
Australia's emerging reverse mortgage market is growing at 80 per cent a year, the consulting actuary Deloitte Trowbridge reported yesterday. The country's 16 reverse mortgage lenders had $1.5 billion of loans on their books at December 31, up from ...

Market wrap - morning

AAP  |  TUESDAY, 17 APR 2007
The Australian share market is expected to open higher after strong gains in US stocks on Monday and close to record highs in international markets. On the Sydney Futures Exchange at 0655 AEST, the June share price index contract was trading up 39 points ...

Market wrap - midday

AAP  |  FRIDAY, 13 APR 2007
The Australian share market at noon had retreated from record territory and was slightly lower, pulled back by the major miners and some stocks deriving earnings from the United States. "It was a bit more of a mixed evening in terms of metals prices ...

Daily economic round-up

PETER BELL  |  FRIDAY, 13 APR 2007
Further analysis of the labour force data released from the ABS yesterday shows a continuance of the trend of the last year for the full-time employment market to grow significantly while the part-time one has softened considerably. There was net loss ...

Contango targets financial services

WWW.THESHEET.COM  |  FRIDAY, 13 APR 2007
The boutique Australian equity fund manager Contango Asset Management is branching out with the release yesterday of a prospectus for a listed investment company that has a mandate to invest purely in the financial services industry. The prospectus ...

Market wrap - morning

AAP  |  FRIDAY, 13 APR 2007
The Australian share market is expected to open higher after a positive US lead. On the Sydney Futures Exchange at 0737 AEST, the June share price index contract was trading up 25 points to 6,232. On the economic front, the Australian Bureau of Statistics ...

Market wrap - midday

AAP  |  THURSDAY, 12 APR 2007
The Australian share market has retreated from yesterday's dizzying heights as a poor lead from Wall Street and sharp drops in the bellwether resource stocks weigh heavily on the local bourse. At 1012 AEST, the benchmark S&P/ASX200 Index was down 19.9 ...

Daily economic round-up

PETER BELL  |  THURSDAY, 12 APR 2007
Labour force data released from the ABS today shows that over the last month there was a 10.5 per cent increase in employment in Australia in seasonally adjusted terms so that on an annual basis there was a 2.7 per cent growth in the national workforce. ...

Market wrap - morning

AAP  |  THURSDAY, 12 APR 2007
The Australian share market is expected to open lower after a weak performance by overseas markets. On the Sydney Futures Exchange at 0734 AEST, the June share price index contract was trading down 26 points to 6,165. In economic news today, the Australian ...

Daily economic round-up

PETER BELL  |  WEDNESDAY, 11 APR 2007
Sentiment in the Australian economy has recently fallen slightly after the previous significantly positive lift with the National Australia Bank Business Confidence Survey indicating a decrease by 2 points to a score of 10 in the last month. Business ...