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Economy

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.

Goldfields provides update on Finsure merger
9 January 2018
mortgagebusiness

ASX-listed ADI Goldfields Money Limited says that “significant progress” has been made on its proposed merger with major aggregator Finsure.

Mortgage stress to impact retail share prices, warns AMP
9 January 2018
mortgagebusiness

Investment manager AMP Capital has warned that the recent fall in share prices from some ASX-listed retailers could be “a sign of things to come” as mortgage stresses mount on younger ...

Government denies it ‘lied’ about ALP housing policy impacts
9 January 2018
mortgagebusiness

The Minister for Revenue and Financial Services has dismissed claims that the government overstated the impacts of Labor’s 2016 housing policies, following the release of confidential ...

Market downturn kicks off 2018
9 January 2018
mortgagebusiness

Slowed mortgage and housing market activity has continued in the first week of 2018, according to the latest data from CoreLogic.

Hobart to be new housing hotspot for 2018
9 January 2018
mortgagebusiness

The Tasmanian capital is set to be Australia’s “star performer” for housing in 2018, according to Mozo’s head of referrals.