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Economy

House sizes hit 22-year low

Australian homes are getting smaller, with average floor space hitting a 22-year low, new research has revealed.

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Bendigo Bank to offer Tic:Toc tech to mortgage consumers

The regional bank has announced that it will use online lender Tic:Toc’s technology to power its own instant home loan offering.

mortgagebusiness
Industry at loggerheads over cause of housing slump

The Reserve Bank of Australia has sought to address the dispute over the cause of the recent drop in property prices.

mortgagebusiness
Government announces $51.5m war chest to combat misconduct

The federal government has announced that it will be providing an additional $51.5 million to the public prosecutor to battle criminal misconduct in the financial services sector.*

Government announces $51.5m war chest to combat misconduct
Over 75% of properties selling below list price

Less than a fifth of properties have been sold for more than their original list price over the past quarter, according to new data from CoreLogic.

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Outsource your way to business success

When South Australia-based mortgage broker Sharene Dearlove was looking for an outsourcing business to cover her during a trip to the hospital and was unable to find one, she simply went ...

Outsource your way to business success
FHBs increasingly hopeful about home ownership

First home buyers are increasingly optimistic about their prospects of home ownership as property prices nationwide continue on their downward slide, according to new research.

FHBs increasingly hopeful about home ownership
Consumer spending could help offset debt risks

While high household debt remains a risk to economic stability, consumer spending is also a “source of stability”, according to a major bank economist.

mortgagebusiness
Union calls for new financial services code to simplify law

The Financial Sector Union has called for a financial sector-wide code that “consolidates” conduct regulation and self-regulation.

mortgagebusiness
Banks ‘withheld’ information from clients to avoid claims

Customers have accused banks of withholding information from clients to prevent legal claims of misconduct.

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