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Economy

Should banks automatically adjust repayments?

OPINION: The House of Representatives’ standing committee on economics has suggested that banks should automatically adjust borrower repayments when rates reduce, but is this in the economic ...

Should banks automatically adjust repayments?
Arrears rates pose little risk to financial stability: RBA

The central bank has noted lower mortgage arrears rates for more recent loans, attributing it to the effectiveness of tighter lending standards.

Mortgage arrears rates
Market has hit ‘new equilibrium’: HIA

While the housing market has curbed its downward trajectory, meaningful growth is not yet expected, according to HIA’s chief economist.

Equilibrium
Pressure remains on RBA as unemployment rises

In the absence of fiscal stimulus amid falling employment figures, the onus will be on the Reserve Bank of Australia to pull levers on monetary policy, according to AMP Capital’s senior ...

Unemployment rises
Owner-occupiers spur improvement in arrears

National home loan delinquencies have improved, with only three states reporting arrears increases, according to the latest data from S&P.

mortgagebusiness
Non-bank CEO rejects ‘curious’ call for competitive neutrality

The chief executive of Liberty Financial has dismissed calls for a “level playing field” between banks and non-banks.

James Boyle
BankSA, BOM, St.George introduce digital signatures

The Westpac group subsidiaries have all announced that they will offiically introduce e-sign capabilities to enable eligible customers to receive, accept and return their home loan offer ...

BankSA, BOM, St.George introduce digital signatures
Housing costs drop to 10-year low

Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research.

Housing costs drop
Older home owners slow to move

Older Australians are less inclined to sell up and leave the family home, despite government incentives to do so, according to a new report.

Older homeowners
No respite for RBA as weak wages growth continues

The Reserve Bank is set to continue carrying the burden of stimulating consumer spending, amid continually weak wages growth, according to AMP’s senior economist.

RBA
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