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Economy

‘Permanently gone’: Bank mezz loans a thing of the past
21 June 2018
Loan

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

‘Blunt’ cash rate lever has become obsolete
21 June 2018
‘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.

Aussie home values drop by $22.5bn in March quarter
20 June 2018
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

Little for housing in NSW budget
20 June 2018
mortgagebusiness

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.

AFCA appoints new chief ombudsman and CEO
19 June 2018
mortgagebusiness

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.

LATEST PODCAST: How the market has changed in the last 25 years, royal commission hearings, broker advocacy
18 June 2018
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.

Top end of town takes a tumble
18 June 2018
Top end of town takes a tumble

The most expensive segment of the property market has experienced the sharpest fall in dwelling values over the past 12 months, according to the latest CoreLogic research.

Analysis: Has the RBA cash rate become irrelevant?
15 June 2018
RBA, money

Recent reports suggest that the recent rate hike in the US will impact Aussie mortgage rates. Meanwhile, pricing has become the default lever to cool credit demand amid regulatory pressure. ...

Still plenty of ‘spare capacity’ in labour market, says Lowe
15 June 2018
mortgagebusiness

The Reserve Bank governor has pointed to both cyclical and structural features to explain why wages aren’t growing.

Concentration could save bank profits amid RC risks
15 June 2018
mortgagebusiness

Market concentration in the banking sector will limit the impact of profit loss incurred as a result of tighter underwriting standards introduced amid the financial services royal ...