Economy

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, ...

Banking royal commission could force S&P revision
4 December 2017
mortgagebusiness

Standard & Poor’s has warned that a royal commission into the banks could force the ratings agency to revise its view of the Australian banking sector.

Heritage Bank appoints new CFO
4 December 2017
mortgagebusiness

Heritage Bank has announced the appointment of Paul Williams to the chief financial officer role on a permanent basis.

‘No evidence’ of housing oversupply: HIA
4 December 2017
mortgagebusiness

The Housing Industry Association has upgraded its forecasts for new home building activity as sales remain strong.

RedZed prices $250m specialist mortgage bond
30 November 2017
mortgagebusiness

The non-bank lender has successfully priced its $250 million specialist RMBS transaction “RedZed Trust Series 2017-2”.

Aussies pin financial hopes to future house price
30 November 2017
mortgagebusiness

Many Australians are reliant on the trajectory of house prices for their future financial stability, according to a new survey.

Government agrees to hold royal commission into banks
30 November 2017
mortgagebusiness

Prime Minister Malcolm Turnbull has announced that the government will launch a royal commission into the banks, after the four major banks called for a “properly constituted inquiry” into ...

Housing imbalances still exposing banks to risk: S&P
29 November 2017
mortgagebusiness

Standard and Poor’s has released a new Australian banking sector update which reveals that both house prices and private sector borrowing imbalances are still exposing the banks to risk

OECD tips rate hike and housing correction
29 November 2017
mortgagebusiness

The OECD has forecast the official cash rate to “tighten” over the coming year, triggering a correction in real estate prices.