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Economy

Shaky markets, looming Fed cut, to force RBA’s hand
3 March 2020
mortgagebusiness

The Reserve Bank “should” cut rates this afternoon amid growing market instability and expected easing from foreign central banks, according to one economist.

LATEST PODCAST: Broker market share rises QoQ for first time in 5 years
2 March 2020
LATEST PODCAST: Broker market share rises QoQ for first time in 5 years

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Darwin rent prices overtake mortgages
2 March 2020
Darwin rent prices overtake mortgages

More than a third of properties across Australia has estimated mortgage repayments that are less than weekly rental repayments but this is least likely in Sydney.

Aussies jumped the gun with rate expectations
2 March 2020
Aussies jumped the gun with rate expectations

Almost a quarter of Australians expected a fourth cut to the cash rate from the Reserve Bank, prompting some to make premature financial decisions, according to new research.

Moula poaches Deloitte veteran for CFO
28 February 2020
Moula poaches Deloitte veteran for CFO

The online SME lender has announced the appointment of Ashley Miller as its inaugural chief financial officer, effective immediately.

Residential construction activity wanes
28 February 2020
Residential construction activity wanes

Construction activity has decreased beyond expectations, partly driven by a slump in the residential space.

Bank cuts variable, fixed home loan rates
27 February 2020
Bank cuts variable

A non-major lender has slashed rates across both its fixed and variable rate home loan offerings by up to 61 bps.

Resimac settlements soar above system
27 February 2020
Resimac settlements soar above system

The non-bank has reported sharp growth in home loan settlements, capitalising on a “flow away” from established lenders.

Revolut appoints first Australian CEO
27 February 2020
Revolut appoints first Australian CEO

The UK fintech has announced that it has appointed the first members of its Australian executive team, including its CEO, CCO and CRO, as it gears up to a full launch in Australia later this ...

Home-building levels shrank drastically in 2019
26 February 2020
House construction

A credit squeeze and tighter lending standards in 2019 led to the sharpest contraction in home building since the introduction of goods and services tax, according to new data.