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Economists flag IO mortgage risks amid ‘sub-prime’ fears
Senior economists agree that interest-only loans do pose a threat to the nation’s banks after a report likened them to the sub-prime mortgages that triggered the ...
ECONOMY • Wed, 24 May 2017
Mortgage law company ramps up growth strategy
MSA National has appointed a new chief operations officer to help drive the company’s next phase of growth and diversification.
INNOVATION • Sun, 21 May 2017
Wages growth at record low
The nation’s level of wages growth remains at an all-time low, according to a senior economist who warns that this could increase the risk of another RBA rate cut this ...
More housing supply not driving down prices, says AHURI
The Australian Housing and Urban Research Institute (AHURI) has called for “targeted” government intervention to remedy “structural impediments” to the trickle-down of ...
ECONOMY • Thu, 18 May 2017
ABA: Bank tax policy process gone from ‘bad to worse’
The Australian Bankers’ Association says it is “shocked” by the federal government’s move to have major banks sign confidentiality agreements before releasing the draft ...
Major bank embarks on ‘large-scale tech transformation’
A big four bank has moved its core processing to an offsite private cloud, in an effort to be “more agile” in meeting customer needs.
ECONOMY • Wed, 17 May 2017
‘Disastrous consequences’ could flow from bank tax, says ABA
The Australian Banking Association’s chief executive Anna Bligh has written to Scott Morrison MP, asking that he immediately release Treasury modelling of the $6
ECONOMY • Mon, 15 May 2017
Next rate move is up, says Citi
In a recent research piece on the post-housing boom economy, Citi Australia has predicted that the RBA’s next move will be to hike the official interest rate.
LENDER • Sun, 14 May 2017
Lenders’ ‘tempting offers’ lead Aussies to overspend on cards
More than a third of Australians say they’ve overspent on credit cards and blown the budget, having been tempted by lenders offering “easy credit enticements”.
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