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Economy

Perth market entering its recovery period
28 July 2017
mortgagebusiness

A new report has revealed that the Perth property market has begun to enter its recovery period, which follows multiple articles Smart Property Investment has published about capitalising on ...

Investors increasingly buying older properties
27 July 2017
mortgagebusiness

An increasing proportion of property investors are buying older properties rather than new builds or off-the-plan properties, according to new research. 

Major bank raises investor rates by 31 basis points
26 July 2017
mortgagebusiness

A big four bank has announced changes to interest rates on both principal and interest and interest-only loans.

Attempts to curb investment futile as China’s GDP swells
26 July 2017
mortgagebusiness

Efforts to limit foreign investment are akin to “holding back the ocean with a broom” – so the Australian government, mortgage brokers and business sectors should embrace them instead

Foreign apartment investment to plummet as construction winds down
26 July 2017
mortgagebusiness

The “quadrella” of conditions that assisted the “winning streak” of residential construction is set to wind down along with foreign apartment investment, Master Builders Australia has said

1 in 10 Australians puts tax rebates towards mortgages
25 July 2017
mortgagebusiness

A new research has revealed that nearly a third of Australians are planning to save their tax rebates this year, with 1 in 10 putting it towards mortgage repayments.

China cracks down on overseas investments
25 July 2017
mortgagebusiness

Chinese billionaire Wang Jianlin has spoken out amid reports that the Communist Party has instructed China’s largest lenders to stop financing Dalian Wanda Group, which has ambitions to own ...

Government consults on draft housing affordability package
24 July 2017
mortgagebusiness

Draft legislation that enables first home buyers and older Australians to use their super for housing purposes has been released by government for consultation.

Turnbull warns on rate hikes, debt risks
24 July 2017
mortgagebusiness

The Prime Minister has warned Australian borrowers to brace for interest rate rises while acknowledging the “high levels of indebtedness”.

Bankwest to lift rates for existing borrowers
24 July 2017
mortgagebusiness

The major bank subsidiary has announced significant changes to its home loan rates as it looks to “balance the needs of customers, shareholders and regulators”.