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Economy

Goldfields and Finsure sign merger documentation
15 January 2018
mortgagebusiness

ASX-listed ADI Goldfields Money Limited and major aggregator Finsure have signed binding documentation ahead of a shareholder vote on the proposed merger.

‘No silver bullet’ for housing affordability, says government
15 January 2018
mortgagebusiness

A federal government minister has rejected criticism regarding the government’s housing affordability plan, saying that there’s “no silver bullet” for tackling housing affordability issues

Victorian mortgage size increase surpasses NSW
15 January 2018
mortgagebusiness

New index figures have revealed that the rate of increase in Victorian loan sizes over the past 12 months has almost doubled that of NSW.

Consumer confidence hits four-year high
12 January 2018
mortgagebusiness

The ANZ-Roy Morgan Australian Consumer Confidence index has hit 122, reaching a high note not seen since November 2013.

NSW government slammed for policy inaction on housing affordability
12 January 2018
mortgagebusiness

“Sound bites and slanging matches” won’t ease housing prices, an industry body has said in a scathing attack on the NSW government’s policy agenda.

Half of Aussies prepared to miss out on dream location
11 January 2018
mortgagebusiness

Increasingly limited choices and escalating prices are forcing many Australians to rethink their options when it comes to choosing a new home and location.

Online platforms ‘better positioned’ for distribution than banks
11 January 2018
mortgagebusiness

Global management consulting firm McKinsey & Company has argued that banks must adopt a comprehensive digital transformation strategy if they are to remain viable in the future.

Government is ‘consciously putting the interest of investors’ over FHBs
10 January 2018
mortgagebusiness

An independent economist has suggested that the government is “consciously putting the interests of investors above the interests of first home buyers” due to the “electoral arithmetic” of ...

Building approvals jump by 11.7% in November
10 January 2018
mortgagebusiness

The construction of high-rise apartments has boosted dwelling approvals over the month of November, according to new figures from the Australian Bureau of Statistics.

Aussies accumulated $29bn worth of Christmas debt
10 January 2018
mortgagebusiness

An analysis of data from the Reserve Bank of Australia has revealed that Australians have collectively accumulated $29 billion in credit card debt over the Christmas period.