Economy

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 ...

Direct channel mortgage customers more satisfied: Survey
19 March 2018
mortgagebusiness

New research from Roy Morgan shows that home loan customers are more satisfied when they go direct to a bank rather than using a mortgage broker.

Aussies struggling to grasp mortgage jargon
16 March 2018
mortgagebusiness

New research has identified gaps in Australians’ knowledge of mortgage terminology.

Firstmac introduces lower interest rate for green cars
15 March 2018
mortgagebusiness

Non-bank lender Firstmac has introduced a lower interest rate for buyers of environmentally friendly vehicles in a bid to “accelerate” the growth of the Australian electric vehicle market

iSelect appoints industry veteran Nadine Lennie as new CFO
15 March 2018
mortgagebusiness

iSelect has announced the appointment of Nadine Lennie as its new chief financial officer, after an “extensive search process” that began in November last year.

ACCC releases mortgage pricing report
15 March 2018
mortgagebusiness

“Opaque” pricing of discounts on home loan offerings has inhibited borrowers from making informed choices, according to a report from the Australian Competition and Consumer Commission

Mutual banks’ assets continue to rise
14 March 2018
mortgagebusiness

New figures from the prudential regulator have shown that assets held by mutual banks have continued to rise, totalling nearly $111 billion for the quarter ending December 2017.