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Economy

Government has ‘no intention’ of reducing foreign investment

A leading property research company has argued that the federal government has “no intention” of reducing foreign investment in property, despite the budget “dripping with rhetoric of ...

mortgagebusiness
Regional Queensland rental market shows ‘promising signs’

New data has revealed improving conditions in regional Queensland property, which according to the Real Estate Institute of Queensland shows the area is “nurturing green shoots of recovery”

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Analysis: The missing piece in Australian housing

The 2017 federal budget included a raft of measures to improve housing affordability. But will any of these measures actually improve the situation?

mortgagebusiness
New measures seek to improve banking competition

The federal government has unveiled a range of measures that aim to make the banking industry more competitive, including allowing ADIs with less than $50 million in capital to call ...

mortgagebusiness
Housing affordability measures announced in budget

The Treasurer has released the federal budget for 2017/18, which includes a range of measures that aim to make the housing market more affordable, as well as moves targeting banks.

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Foreign firms could 'colonise' Australian banking

Australia’s slowness to offer open data leaves the country’s banking sector open to an incursion from more competitive foreign companies, according to Tyro Payments.

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Residential building approvals post sharp decline

March figures from ANZ and the HIA have revealed a fall in approvals for residential building, which more than offset the increases in the previous two months.

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Major bank chief predicts inner-city housing downturn

The CEO of a big four bank expects a reduction in mortgage growth over the next 12 months as regulatory measures slow the Sydney and Melbourne property markets.

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Economy to face challenges as housing boom ‘unwinds’

The heavy reliance on housing to rebalance the economy after the mining boom has created financial stability and macroeconomic risks, an investment bank has flagged.

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Auction rates reveal a ‘softening trend’

CoreLogic’s rolling four-week average clearance rate for the nation is being driven down by Sydney’s final clearance rate drifting lower over the past two months.

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