Economy

Sydney vacancy rates steady amid market instability
23 January 2018
mortgagebusiness

Residential vacancy rates in Sydney have remained stable despite fears of a downturn in the NSW capital’s housing market.

House building in 2018 may be ‘stronger than many analysts expect’
22 January 2018
mortgagebusiness

The construction of residential properties in the latter half of 2017 defied expectations of softening activity, with the Housing Institute of Australia predicting that the best is yet to ...

Banking reform agenda moves to implementation stage
19 January 2018
mortgagebusiness

The latest independent governance expert’s report on the Australian banking industry’s package of reforms has confirmed that the industry has begun to implement initiatives to address ...

Global growth to buoy Aussie economy
19 January 2018
mortgagebusiness

HSBC Australia chief economist Paul Bloxham has said that a wave of global growth is gaining momentum and should support Australia’s economy in a number of ways.

Fresh fears as Chinese buyer demand ‘hits the wall’
19 January 2018
mortgagebusiness

Mortgage professionals are blaming tighter credit and increased stamp duty for the significant slowdown in residential property demand among Chinese buyers.

‘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.