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Business financing shackled by 'power and control' of banks
The “power and control” held by Australia's established banks poses a “barrier” for small businesses seeking financing, according to the Small Business Ombudsman
ECONOMY • Fri, 08 Sep 2017
Average FHB loan jumps by $4K in one month
The average loan size taken out by first home buyers rose by $4,000 between June and July 2017, the Australian Bureau of Statistics has revealed.
Regulators have 'critical role in allowing fraud to flourish'
Australia’s financial regulators have been condemned as contributing to a “precarious situation” in which the housing market is “holding the rest of the economy to ...
REGULATION • Thu, 07 Sep 2017
Nearly a third of FHBs needs leg-up from parents
Nearly one in three young people that don’t own a home are relying on assistance from parents to help them make the leap, Galaxy Research has revealed.
ECONOMY • Thu, 07 Sep 2017
Securitiser assets grow to $3.7bn: ABS
Australian securitisers’ residential mortgage assets grew by 4.8 per cent in the June quarter, bringing total assets to $125.3 billion.
‘Now is not the time for punitive charges’: HIA
Governments need to “proceed with caution” when introducing “punitive measures” for foreign investors, or else risk an accelerated decline in home building, according to ...
ECONOMY • Wed, 06 Sep 2017
RBA eyes 3% growth amid ‘troughed’ inflation
The Reserve Bank of Australia has doubled down on its 3 per cent growth target despite acknowledging that economic shocks “will occur” in the future.
APRA limits ‘extraordinarily successful’
Residential building is “on the threshold of a sharp decline”, courtesy of an “extraordinarily successful regulatory intervention” to discourage investors.
REGULATION • Tue, 05 Sep 2017
Supply-demand mismatch ‘remains acute’
As residential land prices grow to historical highs, the mismatch between strong demand and a limited supply of new housing “remains acute”, industry agencies have said
ECONOMY • Tue, 05 Sep 2017