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Big four downgraded over housing risks
Moody’s Investors Service has downgraded the credit ratings of 12 Australian banks including the major lenders, citing ‘elevated’ debt in the housing sector.
ECONOMY • Tue, 20 Jun 2017
ING DIRECT appoints new APAC chief economist
A non-major lender has appointed a new chief economist and head of research for the Asia-Pacific region.
Brokers help Firstmac hit $8bn milestone
The Brisbane based non-bank lender has grown its loan book to more than $8 billion in mortgages under management.
Cash rate cut more likely than a hike
The RBA is more likely to cut the official interest rate than introduce a hike over the next 12 months, according to a leading economist.
ECONOMY • Mon, 19 Jun 2017
Rental market could tarnish Australian dream: Deloitte
The great Australian dream of home ownership could lose its lustre if rental agreements are able to provide a sense of stability, says a Deloitte partner.
Housing sentiment hits record low: CoreLogic
Australians are rapidly losing confidence in housing and property investors are starting to exit the market as regulatory measures, cooling prices and tighter credit ...
ECONOMY • Fri, 16 Jun 2017
‘Upbeat’ business sector contrasts with ‘disheartened’ household sector
The question of how a disparity between “elevated” business conditions and a “disheartened” household sector will be resolved is “critical”, a business report has ...
ECONOMY • Wed, 14 Jun 2017
Housing has become ‘largest risk’ to Australia: OECD
Australian economic growth is projected to reach almost 3 per cent in 2018, but the possibility of plummeting house prices presents the country’s “largest domestic risk”
ECONOMY • Thu, 08 Jun 2017
PEXA subscribers make record digital refinance settlements
Australian lenders and law firms are making digital refinancing records as the country’s conveyancing landscape undergoes a government-mandated digital transformation
LENDER • Thu, 08 Jun 2017
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