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Economy

RBA: ‘We do not expect inflation to fall further’

Despite the rate of national inflation growth rate falling to a 19-year low of 1.5 per cent last year, the governor of the Reserve Bank of Australia has said that he does not expect the rate ...

mortgagebusiness
Major bank releases largest Australian green bond

A big four bank has become the first Australian bank to issue a public offshore green bond, which is also the largest green bond from an Australian issuer.

mortgagebusiness
Non-major sees drop in loan approvals

Auswide Bank has reported that the value of loans approved during the first half of the financial year fell by 8.74 per cent to $269 million but that statutory consolidated net profit after ...

mortgagebusiness
Mike Baird joins big four bank

The former premier of NSW has joined a major bank as the new chief customer officer for corporate and institutional banking.

mortgagebusiness
Major bank makes strategic appointment

A major lender has appointed a new group executive of talent and culture in a move that it says will help create further momentum around its transformation.

mortgagebusiness
2017 will be ‘watershed’ year for blockchain

The heads of fintech businesses have emphasised that the development of blockchain is “moving very quickly” and is likely to gain further traction in the financial industry this year.

mortgagebusiness
Loan arrears in December up by a fifth

The number of delinquent housing loans underlying Australian prime residential mortgage-backed securities rose by 20 per cent in December 2016 when compared with the previous year, but are ...

mortgagebusiness
Global player sees 36% surge in local mortgages

An ASX-listed diversified financial services group has reported a record for home loan originations over the 12 months to 31 December 2016.

mortgagebusiness
Mortgage demand in NSW and Victoria at ‘historic high’

More than two-thirds of all housing finance commitments in Australia were for properties in Victoria and NSW in December 2016, a record high proportion, according to CoreLogic.

mortgagebusiness
SuiteBox breakthrough to speed up deal flow

Global software provider of digital workspace technology SuiteBox has upgraded its software to allow for four-person meetings that enable the multi-party signing of documents in a secure ...

mortgagebusiness
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