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Economy

Mortgage arrears fall, to remain low: S&P

Home loan delinquencies declined over the past quarter and are set to continue falling in response to rate cuts, according to S&P.

S&P Global
BOQ opens second phase of capital raising

The non-major has opened trading for the second round of its capital raising aimed at bolstering its capital position.

Stock trading
Cold-call CCI sales to be banned next year

A ban on unsolicited “cold call” telephone sales of consumer credit insurance and direct life insurance will take effect from 13 January 2020, the financial services regulator has announced

Cold-call CCI sales to be banned next year
Value recovery driven by expensive houses

As home values sharply recover in Sydney and Melbourne, there has been a particular spike in the recovery of the premium housing, according to new research.

Value recovery driven by expensive houses
Budget surplus to fall below estimates: Deloitte

The federal budget surplus in 2019-20 is expected to come in $1.7 billion below the government’s forecast, according to new analysis performed by Deloitte.

mortgagebusiness
RBA unveils pre-Christmas cash rate

The central bank has revealed its cash rate decision for December, following its monthly monetary policy board meeting.  

RBA unveils pre-Christmas cash rate
RBA gifts borrowers pre-Christmas rate cut

The central bank has surprised industry pundits, announcing a further cut to the official cash rate. 

RBA gifts borrowers pre-Christmas rate cut
Big 4 setting 10 bps cap on pricing competition

The chief executive of a non-major bank has lamented the current regulatory environment, which she has claimed enables the major banks to dictate home loan pricing behaviour.

Bendigo CEO Marnie Banker
Regional bank CEO urges level playing field

Regional banks are being “squeezed” by the regulatory advantages afforded to the major banks and non-bank lenders, according to Suncorp Group.

Suncorp
Slide in housing approvals prompts call for policy action

A sharp dip in residential dwelling approvals has sparked calls for policy reform amid fears that supply and demand imbalance would lead to further deterioration in housing affordability

Construction
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