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Economy

Brokers help Firstmac hit $8bn milestone
20 June 2017
mortgagebusiness

The Brisbane based non-bank lender has grown its loan book to more than $8 billion in mortgages under management.

AMP hits investors with 35-point hike, cuts LVR to 50%
19 June 2017
mortgagebusiness

The challenger bank has today announced changes to investor lending to manage its portfolio and align with regulatory requirements.

Cash rate cut more likely than a hike
19 June 2017
mortgagebusiness

The RBA is more likely to cut the official interest rate than introduce a hike over the next 12 months, according to a leading economist.

RBA bullish on economy despite housing and debt risks
19 June 2017
mortgagebusiness

Reserve Bank governor Philip Lowe is confident that Australia will experience stronger growth over the coming years but says house prices, rising debt levels and stagnant wage growth are a ...

Rental market could tarnish Australian dream: Deloitte
19 June 2017
mortgagebusiness

The great Australian dream of home ownership could lose its lustre if rental agreements are able to provide a sense of stability, says a Deloitte partner.

The gig economy and the finance industry – friends or foes?
19 June 2017
The gig economy and the finance industry – friends or foes?

At a recent conference, I listened to Andrew Inwood from CoreData. He raised a couple of terms which I have been pondering ever since, and what they will mean to the finance industry.

Housing sentiment hits record low: CoreLogic
16 June 2017
mortgagebusiness

Australians are rapidly losing confidence in housing and property investors are starting to exit the market as regulatory measures, cooling prices and tighter credit begin to bite.

Major banks warn of higher prices
16 June 2017
mortgagebusiness

The chief financial officers of the major banks have reiterated that the banks may have to “charge higher prices” to their customers in a bid to cover the upcoming ‘big bank tax’.

Aussies more interested in mobile phones than mortgages
16 June 2017
mortgagebusiness

Australians are more likely to spend time investigating the best deals for electronics than home loans, a new survey has found.

Developers to receive funding for ‘unsold apartments’
15 June 2017
mortgagebusiness

A new offshore funding source has enabled one non-bank lender to offer developers a lifeline as banks shy away from the sector and apartments fail to sell.