Economy

Sep 14 2017

Ratings agency Morningstar has described as “exaggerated” a report from UBS which claims that Australian banks hold $500 billion in “liar loans”.

Sep 14 2017

Non-bank lender Pepper has announced today the appointment of a new country CEO for Australia.

Sep 14 2017

The Australian Prudential Regulation Authority has faced heavy scrutiny over lenders potentially using the crackdown on interest-only lending as a cover for back book repricing.  

Sep 13 2017

Demand for fixed rates is at its highest level since December 2013, with nearly one-third of borrowers opting for the repayment type, Mortgage Choice reveals.

Sep 13 2017

Australian lenders remain uncertain about APRA’s interest-only crackdown and are awaiting further clarification on what the regulator is looking to achieve, according to the head of a major ...

Sep 13 2017

The boss of one of Australia’s largest home loan comparison websites says that comparison rates are now obsolete and "decades behind" today's market conditions.

Sep 12 2017

The investment bank has released its latest report on the mortgage industry, this time claiming that there are now $500 billion worth of “factually incorrect” mortgages on bank books.

Sep 12 2017

First home buyers are "less likely to take on a mortgage" today than in the early 2000s, Reserve Bank economists have found, as a result of being "crowded out of the market by higher housing ...

Sep 11 2017

The Western Australian government hopes to raise $48 million in additional revenue through a 4 per cent surcharge on property purchases made by foreign buyers.