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Delinquency rates on the rise in 2017
The performance of Australian residential mortgage-backed securities deteriorated over the first quarter of 2017, Moody’s Investors Service has reported.
ECONOMY • Wed, 07 Jun 2017
FHBs need to save for 40 years for deposit: UBS
It could take ‘typical’ first home buyers 40 years to save enough for a Sydney home deposit, a new report has found.
ECONOMY • Tue, 06 Jun 2017
Mortgage refinancing to become paperless
Applications to refinance will become paperless in three Australian states as the transition to electronic transactions is rolled out.
RBA announces cash rate decision
The Reserve Bank has announced its cash rate call following its monthly board meeting today.
Analyst raises concerns over $52bn in reclassified loans
A banking analyst has questioned the accuracy of bank reporting after the RBA revealed that $52 billion worth of loans have been switched between investor and ...
ECONOMY • Mon, 05 Jun 2017
Most affordable suburbs in Australia revealed
Greater Hobart offers the most affordable options for first home buyers hoping to live close to a CBD, while units are most affordable in Greater Adelaide, a new report ...
ECONOMY • Sun, 04 Jun 2017
Bank launches new credit card following broker feedback
A non-major lender has introduced its first credit card, which is being made available to new customers through the home loan application process.
LENDER • Thu, 01 Jun 2017
Report calls for land tax to replace stamp duty
A new report has recommended ‘broad-based land taxes’ replace stamp duties, arguing that policies which limit mobility impede the efficient functioning of labour markets
ECONOMY • Wed, 31 May 2017
Housing growth ‘not confined’ to major cities: HIA
New data has found that, while NSW remains Australia’s housing “hotspot”, regional Australia is also giving a “strong showing”.
LENDER • Tue, 30 May 2017
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