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Economy

Mortgage delinquencies set to rise: Moody’s
16 April 2018
mortgagebusiness

Home loan arrears are expected to increase “moderately” through 2018, driven by a “softening” housing market, according to a Moody’s analysis.

Banking sector experiencing ‘triple whammy’ of change
16 April 2018
mortgagebusiness

The CEO of the Australian Banking Association has suggested that while the banks are undergoing “intense and relentless scrutiny” driven by three forces, there is a “once-in-a-generation ...

Non-majors gaining ground on big banks
13 April 2018
mortgagebusiness

The proportion of broker-originated mortgages from non-major banks has increased by 15 per cent over the past five years, new data has revealed.

Household debt risks ‘no longer building’: RBA
13 April 2018
mortgagebusiness

The “strengthening” of lending standards have helped reduce household debt, according to Reserve Bank governor Philip Lowe.

Australia needs 215,000 more homes on current trajectory
13 April 2018
mortgagebusiness

More than 215,000 homes would need to be built every year until 2050 if population and income growth continue on their current trajectories, a new report estimates.

Apartments continue to dominate new construction projects
13 April 2018
mortgagebusiness

Apartment projects accounted for more than a quarter of the combined value of development applications in March, a new report has found.

Major bank denies link between job losses and fraud
12 April 2018
mortgagebusiness

NAB has refuted suggestions that its recent move to fire 20 bankers from its credit risk department was linked to fraudulent activities brought to light during the royal commission.

Home buyers make snap purchase decisions, study finds
11 April 2018
mortgagebusiness

A new survey has found that Aussie house hunters spend less time in the houses they intend to buy than they do commuting to work.

Report reveals ‘undersupply’ of affordable homes in NSW
11 April 2018
mortgagebusiness

New research has identified a shortage in NSW’s affordable housing market and called for the government to develop comprehensive policies to stimulate supply.

Expanded grant program aims to help address homelessness
10 April 2018
mortgagebusiness

Community Sector Banking has announced that it will provide $300,000 in grants to not-for-profits supporting people experiencing homelessness and domestic abuse.