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Economy

Why aren’t we using superannuation to fund mortgages?
9 July 2018
fund mortgages

It seems like a logical idea. Superannuation funds need a fixed-income asset to invest in. Lenders need domestic funding. Super, meet mortgages. But Australia’s $2.6 trillion superannuation ...

Industries split over cash payment limit
9 July 2018
mortgagebusiness

The federal government’s proposal to limit cash payments to $10,000 has divided the finance and business industries, with the ABA largely backing the move but the ACCI calling it into ...

Aussies losing hope in ‘Great Australian Dream’
6 July 2018
mortgagebusiness

Australians are losing hope in the Great Australian Dream of home ownership, with prospective home buyers increasingly seeking alternative pathways into the housing market, new research has ...

‘Flat’ housing market no longer contributing to growth: RBA
5 July 2018
mortgagebusiness

The central bank is no longer expecting the Australian housing market to make a positive contribution to economic growth, citing subdued dwelling investment activity and falling property ...

Academics call for phased housing tax reform to protect investors
5 July 2018
mortgagebusiness

Gradually reducing the capital gains tax discounts, housing-related tax deductions and negative gearing provisions over a decade-long time frame could benefit both investors and the ...

Housing approvals dropped in May
4 July 2018
mortgagebusiness

Dwelling approvals fell in May for the second consecutive month, driven by an 8.6 per cent drop in house approvals, the latest ABS data has revealed.

Parliament greenlights housing affordability body
4 July 2018
mortgagebusiness

Legislation introduced by the federal government to establish the National Housing Finance and Investment Corporation has passed both houses of parliament.

Carnell calls on private sector to create $1.5bn SME fund
4 July 2018
Carnell calls on private sector to create $1.5bn SME fund

The Small Business Ombudsman has recommended that the private sector establish an investment fund to offer both loans and investment capital for SMEs to improve access to finance for small ...

Mortgage platform to chase low-deposit borrowers
4 July 2018
mortgagebusiness

An online mortgage marketplace has launched a crowdfunding campaign designed to raise equity earmarked for expansion, which includes capturing the low-deposit market.

RBA cuts the cash rate
3 July 2018
mortgagebusiness

The official cash rate has been cut by the central bank for the first time since August 2016.