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Economy

Risks shift to non-banks as majors tighten up

Australia’s non-ADIs have been “making hay” off tighter lending conditions, but their appetite for interest-only and non-conforming loans carry risks, according to a mortgage market analyst

tighten lending
Sydney units to bear the brunt as housing market turns

Australia’s property market slowdown is set to continue over the coming years, with a particularly challenging outlook for the Sydney apartment market, according to BIS Oxford Economics.

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Banks hike home loan rates

Two lenders have announced rate changes on their home loan offerings, with rises of up to 40 basis points.

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Inaugural chair of housing affordability body announced

The federal government has announced the appointment of the inaugural chair of the National Housing Finance and Investment Corporation.

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‘Permanently gone’: Bank mezz loans a thing of the past

An alternative funder of residential property developments is confident that Australia’s banks will never again offer mezzanine funding for real estate assets.

Loan
‘Blunt’ cash rate lever has become obsolete

The international banking and financial system is rendering the Reserve Bank’s use of the cash rate mechanism obsolete, according to a mortgage industry analyst.

‘Blunt’ cash rate lever has become obsolete
Aussie home values drop by $22.5bn in March quarter

Housing market downturns in Sydney and Melbourne are continuing to drive down national home prices, with the latest data from the Australian Bureau of Statistics revealing a $22

Aussie home values drop by $22.5bn in March quarter
Little for housing in NSW budget

The New South Wales government has set aside $1.18 billion in its 2018–19 budget for housing and community amenities, but there is little for NSW buyers as a whole.

mortgagebusiness
AFCA appoints new chief ombudsman and CEO

A community sector and charities specialist is to become the new chief ombudsman and CEO of the newly formed dispute resolutions body, the Australian Financial Complaints Authority.

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LATEST PODCAST: How the market has changed in the last 25 years, royal commission hearings, broker advocacy

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: How the market has changed in the last 25 years, royal commission hearings, broker advocacy
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