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Economy

RBA supports ‘crucial’ duty of care obligations for brokers
23 March 2018
mortgagebusiness

Conflict of interest disclosure should apply to “all brokers”, the central bank has noted in support of Productivity Commission’s recommendation.

More properties selling for over $1m
23 March 2018
mortgagebusiness

The number of properties sold for more than $1 million in 2017 was higher than ever before, according to new research from CoreLogic.

Major bank appoints new GM for Asia Pacific
22 March 2018
mortgagebusiness

Westpac has announced that its current head of corporate & institutional distribution and origination, financial markets, is to become the new general manager for Asia Pacific.

Listings numbers contract as home values continue to slide
22 March 2018
mortgagebusiness

Following last week’s erratic movements, home values are beginning to show signs of a general slide around the country, according to the latest CoreLogic data.

Xinja outlines challenges with mortgage play
22 March 2018
mortgagebusiness

The neobank has flagged issues with its plans to break into the home loan market as it looks to become an ADI within the next few months.

Home loan arrears spike in January
21 March 2018
mortgagebusiness

Mortgage arrears jumped by 23 basis points in January, according to the latest figures from Standard & Poor’s.

Sydney price slump driven by investor slowdown: ABS
20 March 2018
mortgagebusiness

Sydney’s property price growth has “slowed significantly” due to the effect that tightened lending conditions have had on credit demand from investors, according to the Australian Bureau of ...

Non-major hikes rates by up to 25bps
20 March 2018
mortgagebusiness

A regional bank has announced that it will increase interest rates on all variable rate home and small business loans by up to 25 basis points.

‘Lack of professionalism throughout the sector’
20 March 2018
mortgagebusiness

ASIC’s new chairman has addressed what he believes are systemic issues throughout the finance industry.

‘Excessive’ banker salaries under scrutiny
19 March 2018
mortgagebusiness

Progressive think tank The Australia Institute has argued that the disparity between bank CEO pay and average weekly earnings is contributing to the uncompetitive nature of Australia’s ...