AUSTRALIA’s major capitals have booked double digit rent increase in the last 12 months but it is cold comfort for investors seeking to offset higher mortgage costs, according to Australian Property Monitors. ...

Rents have jumped by as much as 25 per cent in the past year as a result of higher mortgage rates and a weak building sector, a new report shows. ...

Miner has a minor victory after getting caught up in Opes Prime lending debacle. ...

Westpac's plan to acquire St George is unlikely to harm competition in lending, the regulator has said. ...

James Packer has walked away from his second offshore casino project in as many months because the global credit crunch has dried up the finance he had planned to use to expand his gambling empire. ...