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Economy

End of NSW’s housing ‘reign’ is ‘within sight’

NSW has taken out the top spot in the latest Housing Industry Association Housing Scorecard, but there’s “every reason” to expect Victoria will take the crown in 2018.

mortgagebusiness
Capital city dwelling values grow for nearly 20 years straight

Capital city dwelling values across Australia have fallen only twice in the past 20 years, according to new CoreLogic figures.

mortgagebusiness
Non-banks to march to the beat of APRA’s drum

The prudential regulator could soon be probing Australia’s non-bank lenders and penalising alternative mortgage providers for failing to comply with new lending rules.

mortgagebusiness
SuiteBox appoints chief revenue officer

Financial advice software company SuiteBox has appointed Matt Cave as its new chief revenue officer.

mortgagebusiness
Travel expenses for investors no longer deductible

Individual investors with residential investment properties will no longer be able to deduct travel expenses, including travel costs associated with inspecting and maintaining properties, ...

mortgagebusiness
Nearly a fifth of people turned down for a loan

Eighteen per cent of Australians have been turned down for a home loan by a financial institution and nearly one in 10 have been rejected by a big four bank, according to new research.

mortgagebusiness
APRA to have ‘stronger powers’ over bankers

Treasury has released a 20-page consultation paper on its Banking Executive Accountability Regime, referred to throughout by its acronym BEAR, giving the industry exactly three weeks to ...

mortgagebusiness
Advantedge lifts variable rates

The NAB-owned funder has today announced it will increase the interest rate on all new and existing variable rate interest only home loans.

mortgagebusiness
US recession ‘likely’ in a few years: Pimco

An economic recession in the US in the next three to five years is “more likely than not”, says Pimco.

mortgagebusiness
HashChing partners with e-conveyancer to remove settlement ‘pain’

Mortgage marketplace HashChing has partnered with an e-conveyancing platform, in a move designed to make the entire home-purchasing process “pain-free”.

mortgagebusiness
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