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Economy

OECD calls for vigilance amid Aussie housing slump
23 November 2018
mortgagebusiness

The OECD has urged regulators and policymakers to “remain vigilant” amid “unexpectedly large corrections” in the housing market.

NDIS housing opportunity flagged for investors
22 November 2018
mortgagebusiness

A government initiative designed to assist people with disabilities into high-quality housing has been flagged as an opportunity for property investors.

FHBs drive slump in home loan aspirations
21 November 2018
mortgagebusiness

Fewer Australians plan to take out a home loan in the next 12 months, down 17.7 per cent year-on-year, according to the latest research from Roy Morgan.

Australian economy can weather housing slump: IMF
21 November 2018
mortgagebusiness

Australia’s strong economy can withstand the impacts of a dwindling housing market, according to the International Monetary Fund.

Bank gets on board with more digital wallets
21 November 2018
mortgagebusiness

A non-major bank has announced that its customers will be able to make payments using Garmin Pay.

House sizes hit 22-year low
20 November 2018
mortgagebusiness

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

Bendigo Bank to offer Tic:Toc tech to mortgage consumers
20 November 2018
mortgagebusiness

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

Industry at loggerheads over cause of housing slump
19 November 2018
mortgagebusiness

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

Government announces $51.5m war chest to combat misconduct
16 November 2018
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.*

Over 75% of properties selling below list price
16 November 2018
mortgagebusiness

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.