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Economy

Insurance in focus at sixth round of RC hearings

The financial services royal commission has begun its sixth round of hearings, bringing into focus the sale and design of insurance products.

mortgagebusiness
Rate hikes to ‘exacerbate’ housing downturn

The recent wave of out-of-cycle interest rate hikes on owner-occupier home loans could further dampen demand for property and place additional downward pressure on property prices, according ...

mortgagebusiness
ABA calls for banking code to be adopted by non-banks

The ABA’s new banking code should be adopted by the broader lending industry, the banking industry body has suggested.

mortgagebusiness
Mortgage serviceability pressures mounting

The recent fall in property prices has not been enough to reduce the proportion of income required to service a mortgage but has prompted a rise in first home buyer activity, according to ...

Mortgage serviceability pressures mounting
89% of women have never checked their credit report

Most Australian women are unaware of the changes happening in the credit reporting system, according to a new study.

mortgagebusiness
Mortgage credit still ‘readily available’, says RBA

The investor exodus from the housing market is a “normal” part of the cycle, the average interest rate is lower year-on-year and housing credit “remains readily available”, according to the ...

mortgage credit, rate, RBA
Major bank exploring use of AI to assess loan serviceability

If AI delivers on its promise, the quality of the products purchased by borrowers could be used to determine whether they would be able to repay their home loans, ANZ Bank said this week.

mortgagebusiness
Saving for a deposit could take more than 9 years

Saving for a home loan deposit could take nearly a decade in some parts of Australia, according to a new study.

mortgagebusiness
ASX delays blockchain implementation

The securities exchange has announced a new start date for the implementation of blockchain technology after an extensive consultation with industry insiders and stakeholders.

ASX, blockchain
Pundits split over honeymoon rates

Industry pundits are divided over the benefits of honeymoon rates for borrowers, with some claiming that these encourage borrowers to assume more debt than they can afford.

rates for borrowers, mortgage, industry pundits
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