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Economy

Medium-density housing on the rise

The latest CoreLogic analysis shows that medium-density housing has been the most popular kind of housing in the last five years.

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MSA National hits digital transformation milestone

Mortgage industry services provider MSA National and professional services giant EY have announced the completion of phase one of MSA’s robotics process automation (RPA) program.

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Artificial intelligence could help customers reach home ownership goal

An Australian bank will use artificial intelligence to assist customers in budgeting and reaching their home ownership aspirations.

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LMI player ‘at the frontline’ of rising delinquencies

Risks are rising for Australia’s largest mortgage insurer with one banking analyst warning that Australia’s “benign credit environment” won’t last forever.

mortgagebusiness
Australian housing market at ‘turning point’: HSBC

Australia is now experiencing the bottom of the interest rate cycle and the second half of 2017 will be a “turning point” for the market, economists have predicted.

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Bank busted for ownership non-disclosure

An ASIC investigation of NAB-aligned dealer groups has discovered failures to disclose relationships between advisers, licensees and product issuers within the group.

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Auswide increases rates for investment loans

Auswide Bank has announced that it will be raising the reference rates for investment home loans and lines of credit by 25 basis points from Tuesday.

mortgagebusiness
2016 Census state-by-state breakdown of mortgages

There has been a rise in the number of mortgagors paying less than 30 per cent of total income towards median monthly mortgage repayments, and a decrease in those paying more, the 2016 ...

mortgagebusiness
Nine in 10 resales gained profit in Q1 2017

Just over 90 per cent of Australian property resales during the March 2017 quarter earned a profit, earning vendors $20.9 billion in gains, new figures show.

mortgagebusiness
Chinese investment flows ‘decrease markedly’

Tightening lending standards and foreign buyer taxes have seen Chinese investment in Australia “decrease markedly from their peak”, an international property portal has said.

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