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Economy

‘Housing bubble beginning to deflate’: UBS
19 January 2018
mortgagebusiness

The Australian housing market is continuing to “slip”, according to a new report from analysts at investment bank UBS.

Community trust in banks beginning to recover
18 January 2018
mortgagebusiness

Trust in the banking sector has improved, according to the latest Edelman Intelligence survey commissioned by the Australian Bankers’ Association.

Mortgage market conditions to reduce bank profitability: Fitch Ratings
17 January 2018
mortgagebusiness

Uncertainty in the Australian mortgage market has prompted concerns over bank profitability from global ratings agency Fitch Ratings.

Banks missing $250bn emerging market opportunity: EY
17 January 2018
mortgagebusiness

A new report by EY titled Innovation in Financial Inclusion has revealed a “potentially significant growth opportunity for banks” within emerging markets by servicing financially excluded ...

FHB activity surges in NSW and Victoria
17 January 2018
mortgagebusiness

State government policy changes have led to a significant increase in housing finance approvals for first home buyers, according to fresh data from the Australian Bureau of Statistics.

Stamp duty ‘compounding’ housing affordability concerns
17 January 2018
mortgagebusiness

The Housing Industry Association has warned that state and territory governments’ dependence on rising stamp duty revenue is the worst it’s been in a decade, placing added pressure on ...

US players to ‘exploit’ gaps in Aussie mortgage market
17 January 2018
mortgagebusiness

A Deloitte partner has explained why cashed-up foreign companies are beginning to see the benefits of investing in Australia’s $1.6 trillion mortgage market.

Aussie home buyers afraid of auctions
16 January 2018
mortgagebusiness

According to a new study, nearly one in five Australians fear buying or selling property through the auction process.

Consumers warned of Afterpay danger
16 January 2018
mortgagebusiness

A loan comparison site has issued a warning to consumers about the dangers of Afterpay purchases as concerns over increased household debt linger.

Government consults on housing affordability plan
16 January 2018
mortgagebusiness

The federal government has released draft legislation to help establish a new Commonwealth entity to “improve housing outcomes for Australians”.