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Economy

Increasing housing supply could improve affordability
7 August 2018
mortgagebusiness

Increasing housing supply could improve affordability for first home buyers, according to the majority of respondents to a recent survey.

Homelessness at ‘epidemic levels’ in NSW
7 August 2018
mortgagebusiness

The NSW Premier is being called on to recognise that the state is facing a homelessness crisis that should be given the same urgency as a natural disaster.

Give the ACCC a competition mandate: PC
6 August 2018
productivity commission, competition mandate, ACCC

The Productivity Commission has recommended that the Australian Competition and Consumer Commission be given an explicit mandate to monitor competition in the financial system.

Major banks used market power to ‘exploit’ customers: PC
6 August 2018
big four banks, market power, consumers, productivity commission, Federal Treasurer Scott Morrison

The big four banks have been sharply criticised for “exploiting” their market power to the “detriment” of consumers in a new report by the Productivity Commission.

Mortgage delinquencies to rise as IO loans convert to P&I
6 August 2018
mortgagebusiness

Moody’s Investors Service has warned that Australian mortgage delinquencies will rise over the next few years as a record number of interest-only loans are scheduled to convert to principal ...

Over half of households in financial stress, says non-major
6 August 2018
mortgagebusiness

A new report by a non-major lender has found that 56 per cent of households renting or paying off a mortgage are contributing over 30 per cent of their disposable household income towards ...

Can the housing market and the broader economy cope with higher mortgage rates?
6 August 2018
Cameron Kusher, housing market, economy, Australia, mortgage, rates

The Reserve Bank has kept official interest rates sitting at 1.5 per cent ever since August 2016 which represents the longest period of cash rate stability on record.

‘Beware those promising to protect you’: Morrison
3 August 2018
beware, caution, customers, real market power, Treasurer Scott Morrison

Treasurer Scott Morrison has said that real market power needs to be put back in the hands of the customer.

More households will be paying off mortgages at retirement: BIS
3 August 2018
Mortgage

Households will increasingly still have a mortgage once the occupants reach retirement age, a new report has predicted, which could lead to an uptick in downsizing.

Over 2m Aussies ready to switch financial institutions
3 August 2018
mortgagebusiness

More than 3.1 million Australians are dissatisfied with their main financial institution, and 2 million of which are looking to switch providers in the upcoming months, according to a new ...