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Economy

Bank names new general manager

A Queensland-based lender has today announced the appointment a new general manager.

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Government incentives fail to attract FHBs

First home buyer grants are failing to stimulate the market, with mortgages lodged for the segment flatlining, according to an analysis from comparethemarket.com.au.

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Residents flee Sydney in search of affordable homes

The latest interstate migration figures have revealed that a significant number of residents are fleeing Australia’s capital cities in search of affordable housing.

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Royal commission to cost banks billions in revenue

Higher capital requirements, tighter regulation and the high costs of adopting and implementing measures in response to commission outcomes are expected to have a significant impact on the ...

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Investors ‘spooked’ as loan demand drops

Home loan demand from investors has dropped by 9 per cent, the largest monthly percentage decline since 2015, new data has revealed.

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Government failing to assist FHBs, says bank

Over half of Australians are unaware of a government initiative designed to assist first home buyers, according to new research.

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Federal budget ignored ‘housing crisis’: Greens

The federal government is “out of touch” and should have addressed housing affordability in the 2018-19 budget, according to the Australian Greens.

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Analysis: Lessons from the Hong Kong mortgage market

A mortgage crackdown in the former British colony is creating serious consequences for borrowers and led to the emergence of a new breed of lender.

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Virgin Money clarifies position on takeover bid

Virgin Money Australia has stated that the outcome of a foreign takeover bid initiated by a former NAB-owned lender will not impact the company.

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Economist ‘nervous’ about credit restrictions

The big four banks will struggle to maintain profitability as residential mortgage lending eases and compliance costs rise, according to Fitch Ratings.

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