Economy

Government eyes tighter tax policy for foreign investors
21 May 2018
mortgagebusiness

The federal government has opened a consultation on exposure draft legislation designed to ensure foreign investors pay their "fair share" of tax.

Prospa announces IPO
21 May 2018
mortgagebusiness

Prospa has announced the terms of its initial public offering, selling new shares at $3.64 to raise approximately $146 million and list on the ASX next month.

ANZ agrees to sell stake in Royal Bank
18 May 2018
mortgagebusiness

The big four bank has announced that it has reached an agreement to sell its 55 per cent stake in ANZ Royal Bank to a Japanese trust.

Analysis: How risky is our dependence on China?
18 May 2018
mortgagebusiness

About 73 per cent of Australia’s exports go to Asia. China is our biggest export partner. But with fresh doubts cast over US-China trade negotiations, what could a knock to China’s growth do ...

Sydney the only capital void of sub $500k houses
18 May 2018
mortgagebusiness

The closest suburb to Sydney’s CBD with a median house price lower than $500,000 is 39.5 kilometres away, new research has revealed.

Government housing decision slammed
17 May 2018
mortgagebusiness

The NSW government has been slammed for its decision to suspend all planning proposals in two Sydney council districts.

AMP advice chief risk officer resigns
17 May 2018
mortgagebusiness

AMP’s chief risk officer for advice has announced his resignation from the company, in the wake of the royal commission’s revelations last month.

HSBC forecaster dispels mortgage debt fears
17 May 2018
mortgagebusiness

Australian borrowers have been diligently paying off their loans and are “well ahead” on their mortgages, despite growing fears over record levels of household debt, according to a leading ...

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 ...