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Economy

Ageing demographic presents opportunity for brokers
19 July 2017
mortgagebusiness

As Australia’s senior population grows, brokers have an opportunity to diversify their offerings and grow their business, the CEO of a seniors’ finance business has said.

‘Strong trend’: Equifax mortgage data signals market correction
19 July 2017
mortgagebusiness

Fresh figures from credit giant Equifax show that every state and territory in Australia is experiencing a contraction in mortgage applications, indicating a house price correction could be ...

End of NSW’s housing ‘reign’ is ‘within sight’
19 July 2017
mortgagebusiness

NSW has taken out the top spot in the latest Housing Industry Association Housing Scorecard, but there’s “every reason” to expect Victoria will take the crown in 2018.

Capital city dwelling values grow for nearly 20 years straight
17 July 2017
mortgagebusiness

Capital city dwelling values across Australia have fallen only twice in the past 20 years, according to new CoreLogic figures.

Non-banks to march to the beat of APRA’s drum
17 July 2017
mortgagebusiness

The prudential regulator could soon be probing Australia’s non-bank lenders and penalising alternative mortgage providers for failing to comply with new lending rules.

SuiteBox appoints chief revenue officer
17 July 2017
mortgagebusiness

Financial advice software company SuiteBox has appointed Matt Cave as its new chief revenue officer.

Travel expenses for investors no longer deductible
14 July 2017
mortgagebusiness

Individual investors with residential investment properties will no longer be able to deduct travel expenses, including travel costs associated with inspecting and maintaining properties, ...

Nearly a fifth of people turned down for a loan
14 July 2017
mortgagebusiness

Eighteen per cent of Australians have been turned down for a home loan by a financial institution and nearly one in 10 have been rejected by a big four bank, according to new research.

APRA to have ‘stronger powers’ over bankers
14 July 2017
mortgagebusiness

Treasury has released a 20-page consultation paper on its Banking Executive Accountability Regime, referred to throughout by its acronym BEAR, giving the industry exactly three weeks to ...

Advantedge lifts variable rates
13 July 2017
mortgagebusiness

The NAB-owned funder has today announced it will increase the interest rate on all new and existing variable rate interest only home loans.