Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

NHFIC provides $65m loan for affordable housing
20 November 2019
Affordable housing

The federal government’s new affordable housing finance body has provided a multimillion-dollar loan to a community housing provider to help increase the supply of social and affordable ...

Delaying home purchase can have consequences
19 November 2019
Stressed retirees over home purchase

With the bedrock of Australia’s retirement system relying on home ownership, indefinitely delaying buying a home can have negative effects.

ANZ CEO compensated for own bank’s shortcomings
19 November 2019
mortgagebusiness

ANZ chief executive Shayne Elliott has revealed that he was sent three remediation letters from the bank, insisting that the company will refund every single customer it has wronged.

Auction volumes at their second highest
19 November 2019
Auction gavel

Property research group CoreLogic has found that the week ending 17 November resulted in the second-busiest auction week across the combined capital cities in Australia.

Should banks automatically adjust repayments?
18 November 2019
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 ...

Arrears rates pose little risk to financial stability: RBA
18 November 2019
Mortgage arrears rates

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

Market has hit ‘new equilibrium’: HIA
18 November 2019
Equilibrium

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

Pressure remains on RBA as unemployment rises
18 November 2019
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 ...

Owner-occupiers spur improvement in arrears
18 November 2019
mortgagebusiness

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

Non-bank CEO rejects ‘curious’ call for competitive neutrality
15 November 2019
James Boyle

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