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Global player sees mortgage portfolio rise as profits drop
Macquarie Group has seen its net profit for the first half of the financial year 2017 drop by 2 per cent, while its Australian mortgage portfolio has risen 4 per cent ...
ECONOMY • Sun, 30 Oct 2016
Homes over $2m becoming the norm
Fresh research has revealed that dwelling sales hitting the $2 million mark have increased significantly in recent years.
ECONOMY • Thu, 27 Oct 2016
‘Messy’ CPI result could stay RBA’s hand
A senior economist has said that the Reserve Bank of Australia is likely to keep rates on hold next Tuesday, in light of yesterday’s “indecisively low” Consumer Price ...
ECONOMY • Wed, 26 Oct 2016
Mortgage ad targets digitally-savvy borrowers
A fintech mortgage service has launched an ad campaign aimed at targeting the “growing number of people” who prefer the mortgage process to be a primarily digital ...
ECONOMY • Wed, 19 Oct 2016
Aussie banking system ‘remains in good shape’
The Reserve Bank of Australia has said that the nation’s banks remain “well placed to address the risks they face” despite their performance having deteriorated from a ...
ECONOMY • Tue, 18 Oct 2016
Lender announces discounted home loan rates
Suncorp Bank has announced changes to its retail home lending special offers, improving variable discounts for new customers.
LENDER • Tue, 18 Oct 2016
One in five mortgages now under 4%
Following the RBA rate cut in August and continued competition among lenders, home loan rates trended downward during Q1 with nearly 20 per cent of mortgages now with a ...
ECONOMY • Tue, 11 Oct 2016
November rate cut likely to be the last
A senior economist has discussed the potential ramifications of too low an official cash rate, and predicted that if the RBA cuts the rate in November, “it would probably ...
ECONOMY • Sun, 09 Oct 2016
Virgin Money home loans boost challenger bank profits
The CEO of Bank of Queensland has said that its Virgin Money Reward Me home loan product has driven a surge in mortgage applications and helped increase profit for FY16 ...
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