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Economy

74% think ‘rentvesting’ is a good strategy
17 August 2017
mortgagebusiness

Almost three-quarters of people believe that investing in a house but continuing to rent elsewhere is a good strategy for those struggling to get into the market.

Mutual cuts rates by up to 31bps
17 August 2017
mortgagebusiness

Teachers Mutual Bank and its subsidiaries have introduced a rate cut for certain owner-occupier home loans, two weeks after hiking interest-only rates by 50 basis points.

CUA partners with international banking innovator
17 August 2017
mortgagebusiness

Credit Union Australia is looking to ramp up its digital banking experience through a partnership with US-based Pivotus Ventures.

Banks warn against price-driven online mortgage platforms
17 August 2017
mortgagebusiness

A number of bank executives have shared their experience with online broker models and digital platforms that effectively auction borrowers to the lowest bidder.

The hottest spots for under 30s across Australia
16 August 2017
mortgagebusiness

A new study shows where Australians under 30 want to live, as well as the country’s most popular state or territory, by analysing mortgage applications.

Medium-density approvals see sharpest fall in four years
16 August 2017
mortgagebusiness

The uncertainty in Queensland markets has led to the largest decline in medium-density housing approvals in four years, Bankwest has said.

'Marginal’ borrower activity critical to financial stability: RBA
16 August 2017
mortgagebusiness

Monitoring what “marginal” borrower groups are doing is more important to financial stability than the actions of “average” borrowers, the Reserve Bank of Australia has said.

ANZ confirms home loan strategy, channel preference
16 August 2017
mortgagebusiness

The chief executive of a big four bank has explained the group’s position on home lending, noting that “it’s more than just regulatory pressure” that's driving the major lender's mortgage ...

Narev’s departure ‘part of an orderly process’
15 August 2017
mortgagebusiness

The Commonwealth Bank has dismissed speculation that CEO Ian Narev’s impending retirement has anything to do with the major bank’s recent money-laundering scandal.

Ownership of distribution channels a ‘significant advantage’
15 August 2017
mortgagebusiness

The capacity of banks to own their “own distribution” channel will give a “significant advantage” when faced with increased regulatory pressure, Bendigo and Adelaide Bank has said.