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Economy

ANZ wins FHB Canstar Bank of the Year

A major bank has won the Canstar Bank of the Year for First Home Buyers, while five separate institutions were labelled Customer-Owned Institution of the Year.

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Mortgagors increasingly worried over rates and repayments, bank finds

An increasing number of Australian householders are worried about their ability to repay and service their mortgages, new research has found.

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‘We’re not competing with the non-banks’: AMM

The co-founder of neo-lender Australian Mortgage Marketplace has outlined where the group sits in the new order of APRA and ASIC-regulated mortgage providers.

Compete, Australian Mortgage Marketplace, APRA
Perth market entering its recovery period

A new report has revealed that the Perth property market has begun to enter its recovery period, which follows multiple articles Smart Property Investment has published about capitalising on ...

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Investors increasingly buying older properties

An increasing proportion of property investors are buying older properties rather than new builds or off-the-plan properties, according to new research. 

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Major bank raises investor rates by 31 basis points

A big four bank has announced changes to interest rates on both principal and interest and interest-only loans.

mortgagebusiness
Attempts to curb investment futile as China’s GDP swells

Efforts to limit foreign investment are akin to “holding back the ocean with a broom” – so the Australian government, mortgage brokers and business sectors should embrace them instead

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Foreign apartment investment to plummet as construction winds down

The “quadrella” of conditions that assisted the “winning streak” of residential construction is set to wind down along with foreign apartment investment, Master Builders Australia has said

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1 in 10 Australians puts tax rebates towards mortgages

A new research has revealed that nearly a third of Australians are planning to save their tax rebates this year, with 1 in 10 putting it towards mortgage repayments.

mortgagebusiness
China cracks down on overseas investments

Chinese billionaire Wang Jianlin has spoken out amid reports that the Communist Party has instructed China’s largest lenders to stop financing Dalian Wanda Group, which has ambitions to own ...

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