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Economy

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. 

RBA hikes cash rate - July 2018
3 July 2018
mortgagebusiness

The official cash rate has been lifted for the first time in nearly eight years, surprising the majority of industry pundits. 

RBA cash rate verdict revealed
3 July 2018
RBA cash rate verdict revealed

The official cash rate for July has been announced by the central bank following its monthly board meeting.