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Economy

US players to ‘exploit’ gaps in Aussie mortgage market

A Deloitte partner has explained why cashed-up foreign companies are beginning to see the benefits of investing in Australia’s $1.6 trillion mortgage market.

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Aussie home buyers afraid of auctions

According to a new study, nearly one in five Australians fear buying or selling property through the auction process.

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Consumers warned of Afterpay danger

A loan comparison site has issued a warning to consumers about the dangers of Afterpay purchases as concerns over increased household debt linger.

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Government consults on housing affordability plan

The federal government has released draft legislation to help establish a new Commonwealth entity to “improve housing outcomes for Australians”.

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Mortgage redraws leave borrowers ‘worse off’: RateCity

According to new research, consumers that consolidate a car loan into their mortgage are “worse off”.

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Goldfields and Finsure sign merger documentation

ASX-listed ADI Goldfields Money Limited and major aggregator Finsure have signed binding documentation ahead of a shareholder vote on the proposed merger.

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‘No silver bullet’ for housing affordability, says government

A federal government minister has rejected criticism regarding the government’s housing affordability plan, saying that there’s “no silver bullet” for tackling housing affordability issues

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Victorian mortgage size increase surpasses NSW

New index figures have revealed that the rate of increase in Victorian loan sizes over the past 12 months has almost doubled that of NSW.

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Consumer confidence hits four-year high

The ANZ-Roy Morgan Australian Consumer Confidence index has hit 122, reaching a high note not seen since November 2013.

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NSW government slammed for policy inaction on housing affordability

“Sound bites and slanging matches” won’t ease housing prices, an industry body has said in a scathing attack on the NSW government’s policy agenda.

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