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Economy

CoreLogic appoints new state director

Leading property analytics specialist CoreLogic has appointed real estate veteran Geoff White as its new Victoria and Tasmania state director.

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Rate rises would make 34% of FHBs less likely to buy

More than a third of potential first home buyers believe they may need to delay buying a property should interest rates start rising, according to new research.

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Stamp duty reform ‘well overdue’

The current government schemes in place to provide stamp duty relief for FHBs are “poorly designed” and “not suited to current market conditions”, according to the Property Council of ...

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Home loan arrears rise in all states

The nationwide proportion of Australian residential mortgages exceeding 30 days in arrears has risen across all states in Australia year-on-year, according to new data released by Moody’s ...

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APRA sets firm eye on bank capital standards

The prudential regulator has revealed its next move will be a review of lenders’ capital requirements, addressing the concentration in housing lending that has built up in the banking system

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New building approvals hit six-month high: HIA

The Australian Housing Industry Association has welcomed new figures released by the Australian Bureau of Statistics, showing that new home approvals have reached a six-month record.

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Half of mortgagors fear financial stress through illness

Forty-eight per cent of home loan holders in Australia are deeply concerned that being diagnosed with a serious illness could adversely impact their ability to service their home loans.

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IO crackdown may have “bigger impact on owner-occupiers”

APRA's recent tightening on interest-only loans is likely to “have a bigger impact on lending to owner-occupiers than on investors”, according to ratings analysts.

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Major bank to improve security with voice biometrics

A big four bank has announced that it will be the first Australian lender to introduce voice biometrics to improve the security on mobile devices while processing higher value transactions

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Non-major increases rates on investment loans

A Queensland-based bank has announced that reference rates for investment home loans will increase by 13 basis points from tomorrow, and the maximum LVR on new investment loans will decrease

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