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Economy

Investors could generate risks to future health of economy

The RBA has welcomed measures by APRA on interest-only loans, highlighting that strong investor credit growth could contribute to the amplification of cycles in borrowing and house prices.

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Consumer confidence makes solid recovery

After slumping to its lowest value since October 2015, consumer confidence jumped by 3.3 per cent in the week ending 9 April, driven up by improved expectations for economic conditions for ...

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Underlying economy healthy despite volatile business conditions: NAB

New research from a big four bank has indicated an overall healthy Australian economy, which appears to be gaining traction in the near-term.

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High household debt could ‘amplify’ impact of housing downturn

A ratings agency has argued that new measures from APRA will only weigh on demand for property “at the margins” and household debt will continue to rise, potentially amplifying the economic ...

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Non-bank prices $1bn RMBS transaction

Homeloans Ltd subsidiary RESIMAC has priced a new residential mortgage-backed securities transaction, valued at $1 billion.

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Challenger bank giveaway promotes financial literacy

Given that a quarter of Australians are often financially unprepared for Easter, according to ME, the lender is giving away 50,000 free Easter eggs and a $1,000 reward to encourage the use ...

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Affordable housing touted as new asset class

Treasurer Scott Morrison is keen to encourage superannuation funds to invest in affordable housing as a “longer-term fixed interest” asset class.

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‘Trump effect’ causing Chinese buyers to eye Australia

An increasing concern with America’s attitude towards foreigners, following the election of President Trump, is causing more Chinese buyers to eye property opportunities in Australia.

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Demand for home loans dips in February

Mortgages for owner-occupiers dropped during the month of February, according to new data from the Australian Bureau of Statistics.

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Bank highlights housing affordability in new video series

A super fund-backed bank has partnered with property website Domain to produce a series of short videos about buying a house, which highlights the house price disparity in Australia.

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