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Economy

LATEST PODCAST: ‘Common sense’ lending in a complex marketplace
30 September 2019
mortgagebusiness

Join James Mitchell and Charbel Kadib as they delve into the latest themes and developments in the home loan market.

Affordability woes intensify ahead of ‘v-shaped’ housing rebound
30 September 2019
Tim Lawless

A “much faster” than anticipated rebound in property price growth could magnify mounting housing affordability pressures, according to new CoreLogic research.

RBA faces ‘conundrum’ in superfluous race to the bottom
30 September 2019
Peter Costello

The central bank is engaged in a race to the bottom as it looks to out-cut its global counterparts amid “abnormal” economic conditions, but cuts won’t do much to stimulate the economy, ...

Spending habits hinder housing affordability
30 September 2019
Spending habits

New research suggests that while Australians are increasingly savings-focused and frugal, many still feel ill-equipped to afford a home, particularly Millennials.

AFL final puts brakes on Melbourne auctions
30 September 2019
mortgagebusiness

Auction activity slowed across Melbourne as AFL grand final fever gripped the city but it was the busiest week for auctions in Sydney since last year, according to CoreLogic.

Non-bank prepares to float, targets $1.4bn
27 September 2019
Non-bank prepares to float, targets $1.4bn

A non-bank lender is preparing to issue 622.4 million shares worth approximately $1.4 billion in a newly announced public offering. 

Record-low rates sparking turnaround in home sales
27 September 2019
Sold sign

The slump in home sales activity has abated as the appeal of historically low mortgage rates increasingly shifts market sentiment, according to CoreLogic. 

Cash flow woes increase for SMEs
27 September 2019
Cash flow woes increase for SMEs

More than one in five SMEs are having cash flow issues due to business loans being rejected, research from Scottish Pacific has found.

RBA heeds global ‘shift’, hints at more cuts
26 September 2019
Philip Lowe

Australia cannot “insulate” itself and “ignore” shifts in global interest rates, Reserve Bank governor Philip Lowe has said, hinting at further reductions to the cash rate.

Heritage hits $10bn milestone
26 September 2019
Heritage hits $10bn milestone

The mutual bank has surpassed $10 billion in total consolidated assets and seen an 8.3 per cent increase on loan approvals, according to its 2018-19 financial year results.