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Economy

Borrowers undeterred by higher deposits
7 December 2017
mortgagebusiness

First home buyers are as active as ever in the Australian housing market, but they are spending more time saving for increasingly higher deposits, new data from Bankwest has revealed.

Demand for new houses to fall: BIS
7 December 2017
mortgagebusiness

Demand for new houses across Australia’s eastern seaboard has peaked and is set to decline, a new report has suggested.

Finsure merger a ‘dilutive proposal’ for shareholders
6 December 2017
mortgagebusiness

Lawyers representing non-bank lender Firstmac have warned that if the proposed merger between Finsure and ASX-listed ADI Goldfields Money goes ahead, it will leave shareholders with a ...

RBA reveals cash rate decision - Dec 2017
5 December 2017
mortgagebusiness

The cash rate for December has been announced by the Reserve Bank of Australia following its regularly scheduled monthly board meeting.

Cash rate hits new record low
5 December 2017
mortgagebusiness

The cash rate has hit a new record low, after the Reserve Bank of Australia shocked many by changing the cash rate for the first time in 15 months.

RBA surprises industry with cash rate change
5 December 2017
mortgagebusiness

The cash rate for December has been announced by the Reserve Bank of Australia, surprising many industry commentators.

Sydney dwelling values drop by 0.7 per cent
5 December 2017
mortgagebusiness

Dwelling values in the NSW capital have dropped by 0.7 per cent in November, bringing the overall drop in values to 1.3 per cent over the quarter.

Banks ‘need to win back community trust’
5 December 2017
mortgagebusiness

The Australian banking industry needs to win back community trust and “better explain the value [it brings] to the community and the Australian economy and, in so doing, better preserve ...

PIPA announces changes to leadership team
4 December 2017
mortgagebusiness

The Property Investment Professionals of Australia has announced changes to its leadership team, after property expert Ben Kingsley stepped down as chairman.

Youi pays $164,000 for poor insurance sales practices
4 December 2017
mortgagebusiness

Insurance provider Youi has refunded 102 consumers approximately $14,000 and will pay $150,000 as a community benefit payment to the Financial Rights Legal Centre’s Insurance Law Service, ...