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Economy

FHBs relying on home ownership for financial security
16 May 2018
mortgagebusiness

An overwhelming majority of Millennials believe that their future financial security is dependent upon home ownership, new research has revealed.

AMP’s governance ‘failures’ negatively impact rating outlook
15 May 2018
mortgagebusiness

Moody’s Investors Service has warned that the testimony of AMP Limited during the royal commission, which revealed “a number of governance issues”, has put the group’s credit profile “under ...

Bank names new general manager
15 May 2018
mortgagebusiness

A Queensland-based lender has today announced the appointment a new general manager.

Government incentives fail to attract FHBs
14 May 2018
mortgagebusiness

First home buyer grants are failing to stimulate the market, with mortgages lodged for the segment flatlining, according to an analysis from comparethemarket.com.au.

Residents flee Sydney in search of affordable homes
14 May 2018
mortgagebusiness

The latest interstate migration figures have revealed that a significant number of residents are fleeing Australia’s capital cities in search of affordable housing.

Royal commission to cost banks billions in revenue
14 May 2018
mortgagebusiness

Higher capital requirements, tighter regulation and the high costs of adopting and implementing measures in response to commission outcomes are expected to have a significant impact on the ...

Investors ‘spooked’ as loan demand drops
14 May 2018
mortgagebusiness

Home loan demand from investors has dropped by 9 per cent, the largest monthly percentage decline since 2015, new data has revealed.

Government failing to assist FHBs, says bank
11 May 2018
mortgagebusiness

Over half of Australians are unaware of a government initiative designed to assist first home buyers, according to new research.

Federal budget ignored ‘housing crisis’: Greens
11 May 2018
mortgagebusiness

The federal government is “out of touch” and should have addressed housing affordability in the 2018-19 budget, according to the Australian Greens.

Analysis: Lessons from the Hong Kong mortgage market
11 May 2018
mortgagebusiness

A mortgage crackdown in the former British colony is creating serious consequences for borrowers and led to the emergence of a new breed of lender.