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Economy

Housing approvals drop, to remain subdued

Dwelling approvals have continued to decline, with construction activity likely to “remain weak for some time”, according to an analysis of the latest ABS data.

Construction
CoreLogic bolsters valuations platform

The property research group has revealed that it has updated its valuations software to include rural locations.  

mortgagebusiness
RBA decision called into question

The timing of the Reserve Bank’s third cut to the cash rate in five months has been questioned, amid governor Philip Lowe’s claim that the economy is reaching a “gentle turning point”

RBA
Housing rebound gathers steam

The recovery in the housing market is gathering momentum through the first month of spring but policy makers and regulators remain relaxed about the rebound to date, according to an analyst

Suburbs
ASIC opens consultation on school banking schemes

The corporate regulator has invited submissions from stakeholders regarding school banking schemes, as part of its review on their use and impact. 

ASIC opens consultation on school banking schemes
Cash rate slashed to record low

The Reserve Bank has lowered the official cash rate to a historic low, marking the third cut in five months. 

Cash rate slashed to record low
RBA unveils cash rate

The central bank has revealed its cash rate decision for the month of October. 

RBA unveils cash rate
Mortgage application inaccuracies rise despite crackdown

The proportion of home loan applications containing inaccuracies has increased, despite the introduction of tighter credit conditions in response to the banking royal commission, new ...

Mortgage application inaccuracies rise despite crackdown
‘Poor market practices’ flagged in non-bank space

Non-bank lenders are “facilitating deception” by failing to register and disclose mezzanine debt and secondary loans on commercial properties, according to a Sydney-based fund manager.

mortgagebusiness
Bluestone secures $450m RMBS

The specialist lender has completed its second securitisation for 2019.

mortgagebusiness
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