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Sydney market ‘starting to decline’, Melbourne peaking
Property valuers are now calling the end of the Sydney real estate boom after years of double-digit price growth, claiming at the same time that the Melbourne market is ...
ECONOMY • Sun, 20 Aug 2017
Housing stock under $400,000 falls to 31% in 10 years
The number of houses that sold for less than $400,000 across Australia has fallen to 31.2 per cent, down from 62.4 per cent in 2007, CoreLogic reports.
Mutual cuts rates by up to 31bps
Teachers Mutual Bank and its subsidiaries have introduced a rate cut for certain owner-occupier home loans, two weeks after hiking interest-only rates by 50 basis points
ECONOMY • Thu, 17 Aug 2017
CUA partners with international banking innovator
Credit Union Australia is looking to ramp up its digital banking experience through a partnership with US-based Pivotus Ventures.
Medium-density approvals see sharpest fall in four years
The uncertainty in Queensland markets has led to the largest decline in medium-density housing approvals in four years, Bankwest has said.
ECONOMY • Wed, 16 Aug 2017
ANZ ‘best placed’ to meet APRA benchmark
Of the major banks, ANZ is “best placed” to meet the Australian Prudential Regulation Authority’s “unquestionably strong” tier-one ratio without needing to raise capital ...
LENDER • Wed, 16 Aug 2017
'Marginal’ borrower activity critical to financial stability: RBA
Monitoring what “marginal” borrower groups are doing is more important to financial stability than the actions of “average” borrowers, the Reserve Bank of Australia has ...
ECONOMY • Tue, 15 Aug 2017
Narev’s departure ‘part of an orderly process’
The Commonwealth Bank has dismissed speculation that CEO Ian Narev’s impending retirement has anything to do with the major bank’s recent money-laundering scandal.
ECONOMY • Mon, 14 Aug 2017
Ownership of distribution channels a ‘significant advantage’
The capacity of banks to own their “own distribution” channel will give a “significant advantage” when faced with increased regulatory pressure, Bendigo and Adelaide Bank ...
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