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Economy

Pepper shareholders approve takeover deal

The shareholders of Pepper Group Limited have overwhelmingly approved the scheme implementation deed for Red Hot Australia Bidco Pty Ltd to acquire all of Pepper’s shares.

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Sydney prices ‘must plateau, or even subside’: Bernard Salt

Author, columnist and KPMG partner Bernard Salt has said that the growth rate in Sydney property prices since 2011 has been “quite extraordinary”, but believes that they “must plateau, or ...

mortgagebusiness
Mortgage players land awards for service

Three players in the mortgage industry — including a bank, a peer-to-peer lender and a non-bank home loan lender — have received awards based on their consumer ratings.

mortgagebusiness
Aussie home buyers are racing against the clock

Three-quarters of Australian home buyers believe that they have less time to make a property purchasing decision now than they did five years ago, a TicToc survey has found.

mortgagebusiness
LLC recruits another Pepper exec

A mortgage veteran has joined his former Pepper colleagues Patrick Tuttle and David Holmes at SME lender Little Lease Company.

mortgagebusiness
‘Fully fledged recession’ needed to shake up government

The chief investment officer of a Sydney-based wealth management firm believes that a blinkered view of macroeconomic data will “come and bite us” in the coming years.

mortgagebusiness
Millions to be refunded following Citibank error

A total of $4.3 million is to be refunded to thousands of Citibank credit card customers due to an error on accounts.

mortgagebusiness
Mortgage player joins Financial Services and Credit Panel

ASIC has announced the members of the Financial Services and Credit Panel, which includes a mortgage industry veteran.

mortgagebusiness
Bank CEO confident about Turnbull’s banking reforms

The mutual bank reforms, which have received support from the federal government, will provide a way to challenge the dominance of the four major banks, says Heritage Bank chief Peter Lock

mortgagebusiness
Mortgage demand tumbles as market turns

The latest housing finance data from the Australian Bureau of Statistics (ABS) reports that mortgage demand has suffered its largest decline in two years.

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