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Economy

Sydney prices to fall by up to 10% this year
1 February 2018
mortgagebusiness

A senior economist expects price falls in Sydney and Melbourne to continue after the latest CoreLogic figures found that capital city home values are gradually declining.

Confidence rises as business conditions linger ‘well above average’
31 January 2018
mortgagebusiness

Business confidence levels are rising and are an “encouraging sign for investment”, according to the National Australia Bank.

Major bank CEO divulges ‘significant failures’
31 January 2018
mortgagebusiness

The chief executive of a big four bank has said that he is “ultimately accountable” for the financial harm and emotional stress customers have faced as a result of the group’s misconduct

Aussies face credit card bill totalling almost $30bn
30 January 2018
mortgagebusiness

Australian credit card holders collectively owe almost $30 billion following rampant credit card spending over the holiday period.

Consumer confidence bounces back
30 January 2018
mortgagebusiness

New data from ANZ and Roy Morgan Australia has suggested a recovery in consumer confidence, reversing a recent downward trend.

Financial industry slammed for outdated risk management
30 January 2018
mortgagebusiness

A new paper from the Actuaries Institute has warned that financial institutions are applying ineffective and outdated risk management strategies.

Government announces new financial literacy board appointees
29 January 2018
mortgagebusiness

The Minister for Revenue and Financial Services, Kelly O’Dwyer, has announced the appointment of new members to the Australian Government Financial Literacy Board.

Report finds negative gearing is not driving up prices
29 January 2018
mortgagebusiness

A new report by the Australian Housing and Urban Research Institute (AHURI) has found that negative gearing is not responsible for high home prices.

LATEST PODCAST: Royal commission submissions, vertical integration and market share analysis
29 January 2018
mortgagebusiness

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Fresh fears over bank leverage and risk-taking
25 January 2018
mortgagebusiness

The Bank for International Settlements fears that the longer-term profitability of the global banking sector could encourage lenders to engage in risk-taking and excessive leverage.