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Economy

RBA confident in borrower resilience
22 March 2019
Michele Bullock RBA

Risks associated with the effects of falling home values on mortgage serviceability are “not large enough” to pose a “widespread” threat to financial stability, according to the RBA

Market uncertainties stunting investment in disability housing
22 March 2019
Suburbs

The disability housing sector is struggling to secure sufficient finance, with investors perceiving the market as “highly uncertain”, new research has found.

Bank profits hit by $25bn dive in mortgage approvals
21 March 2019
Suburbs

The banking sector has collectively recorded a sharp year-on-year contraction in new home loan settlements in light of tighter credit conditions and reduced demand for housing, new APRA data ...

ABA consults on dealing with vulnerable customers
21 March 2019
mortgagebusiness

The ABA has launched a consultation on formulating a new guideline for how banks deal with vulnerable customers.

‘Overstated’ housing downturn darkens RBA outlook
20 March 2019
RBA

A global market analyst has urged observers not to “overstate” the extent of the housing downturn, despite the RBA claiming that it has provoked “considerable uncertainty” in the market

LandMark White reinstated to major bank panel
20 March 2019
Keith Perrett

A big four bank has resumed business with the embattled residential property valuations firm, following a cyber attack that exposed the private information of financial services customers.

Fixed rate borrowers facing 52bps hikes
19 March 2019
mortgagebusiness

Home loan interest rates can rise 43 to 52 basis points on average once fixed rate terms end, unless borrowers proactively negotiate, a new analysis has found.

73% of Aussies unaware of their credit score
19 March 2019
73% of Aussies unaware of their credit score

Almost three-quarters of Australians do not know their credit score, according to a new survey conducted by Finder.

Length of housing slump approaching historical levels
18 March 2019
Suburbs

The downturn in national home values is two months away from becoming the longest correction in history, according to a CoreLogic analysis.

Wholesale funder lifts rates as out-of-cycle hikes continue
15 March 2019
Money and percentage

A mortgage funder has succumbed to funding cost pressures, hiking variable mortgage rates by up to 15 basis points for both new and existing home loan customers.