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Economy

Young Aussies still believe in home ownership dream

Millennials are among the most optimistic age group to believe that home ownership remains achievable for them, and are willing to make sacrifices in order to achieve it, new research has ...

mortgagebusiness
Ex-ANZ deputy CEO joins La Trobe Financial

La Trobe Financial has appointed ANZ’s former deputy chief executive, Dr Bob Edgar, to its board.

Dr Bob Edgar
Auction clearance rates spike year-on-year

The number of homes taken to auction across the nation has increased week-on-week and year-on-year, which has significantly bumped up preliminary clearance rates.

Auction
Low rates, rising house prices ease debt woes

Record low mortgage rates and rising property prices are improving households’ comfort with debt in the major cities in Australia even as overall household financial comfort fell ...

mortgagebusiness
Bank cuts floor rate, amends HEM policy

A non-major has slashed its floor rate and revised its HEM policy for home loan serviceability assessments.

mortgagebusiness
ABA backs small businesses affected by coronavirus

The association’s CEO has appealed to any small business that has had operations affected by the international outbreak of the coronavirus to contact their bank or lender for assistance.

mortgagebusiness
FHBs flock to market in December

The number of home loan commitments for first home buyers rose by 6.2 per cent in December, following two consecutive months of decline in activity. 

FHBs flock to market in December
AMP Bank revenue down despite mortgage, deposit growth

A 3.8 per cent increase in the non-major’s residential mortgage portfolio and an 8.3 per cent rise in deposits have not been enough to lift its underlying revenue.

AMP
ABA appoints chair to banking code enforcement committee

A new chair has been appointed to the association’s Banking Code Compliance Committee, replacing Christopher Doogan.

ABA appoints chair
February sees bump in consumer sentiment

Consumer sentiment rose 2.3 per cent in February, as public concern over the Australian bushfire crisis and coronavirus outbreak eases.

February sees bump in consumer sentiment
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