Economy

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 ...

ASIC slates banking culture
15 June 2018
ASIC

The corporate regulator has raised concerns over a “cultural issue” within the banking and financial services sector, claiming that the conduct of the banks does not reflect their ...

Future financial services will be built around human behaviour
15 June 2018
mortgagebusiness

Financial services of the future will be designed around human behaviour rather than simply being a digitisation of existing processes, according to a futurist and fintech founder.

New student loan provider to move into Australian market
15 June 2018
mortgagebusiness

A fintech lender has announced that it will inject $50 million in the Australian student loans market, in an attempt to fill a void that it believes has been left open by the federal ...