Economy

Shock as RBA stuns the market with its December rate call
4 December 2018
mortgagebusiness

The Reserve Bank announced its cash rate decision for the month of December this afternoon, leaving most experts scratching their heads as the property market continues to cool despite ...

Surprise as RBA makes December rate call
4 December 2018
mortgagebusiness

The Reserve Bank announced its cash rate decision for the month of December this afternoon, catching most experts off guard as the property market continues to cool despite record low rates

RBA announces pre-Christmas cash rate
4 December 2018
RBA announces pre-Christmas cash rate

The Reserve Bank announced its cash rate decision for the month of December this afternoon, set against a backdrop of a property market that continues to cool despite record low rates. 

Mutual bank eyeing 26% loan growth in 2019
4 December 2018
Mutual bank eyeing 26% loan growth in 2019

The general manager of a customer-owned bank is confident that the lender can replicate the 26 per cent lending growth it reported over the past 12 months, as the bank continues its ...

Drop in home prices sharpest since GFC
4 December 2018
mortgagebusiness

The fall in home values across Sydney and Melbourne has continued to accelerate the slump in the Australian housing market, according to the latest data from CoreLogic.

Credit squeeze not helping cooling markets: CoreLogic
3 December 2018
mortgagebusiness

Dwellings are taking longer to sell across the nation as the housing market continues to weaken, according to the latest CoreLogic data.

Cutting-edge CRMs reduce mortgage process by hours
29 November 2018
Cutting-edge CRMs reduce mortgage process by hours

Aggregator systems and technological solutions are helping reduce the mortgage writing process and could help brokers demonstrate the work they do on an ongoing basis, the general manager of ...

‘We’re tech companies’: The neobanks’ advantage
29 November 2018
‘We’re tech companies’: The neobanks’ advantage

A big advantage that “neobanks” have over the big four is that they are nimble and highly scalable technology companies focused on customer experience, according to the co-founder of Up

Burgeoning competition a risk to credit quality: S&P
29 November 2018
mortgagebusiness

A rise in competition in the banking sector has been flagged by Standard & Poor’s as a “key risk” to mortgage quality in 2019.

Major bank tests facial recognition ATM
29 November 2018
Major bank tests facial recognition ATM

A big four bank has collaborated with Microsoft to design a proof of concept cash machine that uses facial recognition, cloud and artificial intelligence technology.