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Economy

MyState announces board changes
2 October 2017
mortgagebusiness

Banking group MyState Limited (ASX:MYS) has announced two new appointments to its board as well as the retirement of one of its non-executive directors.

10 years on: Which areas doubled their purchase price?
29 September 2017
mortgagebusiness

The latest Property Pulse from CoreLogic shows the areas where the purchase price of properties doubled, or fell, and what these movements mean in the long run.

Report: Chinese, US banks more trusted than ours
29 September 2017
mortgagebusiness

New research has revealed that Australian banks have an overall trust score of 52.8 per cent, compared to China’s 77.0 per cent.

Banks are facing an 'iceberg' of issues, says former exec
29 September 2017
mortgagebusiness

A former major bank executive has said that the Australian banking model is heading for a “pivotal moment” that could impact profitability and threaten the positions of senior figures

Bank CEO steps down
28 September 2017
mortgagebusiness

The chief executive of an Australian bank has announced that he will “move on to new challenges”, with a replacement to be appointed in the new year.

McGrath plots market recovery with social media
28 September 2017
mortgagebusiness

Amid its recent well-documented struggles, McGrath Estate Agents has unveiled a dynamic new social advertising strategy as part of its focus on regaining lost market share and continuing ...

Bullish investors 'unsure' of P&I, refinancing challenges
28 September 2017
mortgagebusiness

The mettle of Australia’s property obsession has withstood a barrage of forces that are failing to curb the enthusiasm of bullish investors across the nation.

Australia fast becoming a leader in alternative funding
28 September 2017
mortgagebusiness

Our appetite for alternative finance is on the rise. A KPMG report shows that the Australian alternative finance market grew by 53 per cent to $774 million last year.

Potential for sharp corrections has 'spiked': S&P
27 September 2017
mortgagebusiness

A strong run in credit, listed equity and real estate across the Asia-Pacific region has led a global ratings agency to warn of escalating risks.

Regional bank follows majors in scrapping ATM fees
26 September 2017
mortgagebusiness

One of Australia’s largest non-major lenders has decided to remove fees so that no customer pays an ATM fee anywhere in Australia.