Economy

LMI player ‘at the frontline’ of rising delinquencies
10 July 2017
mortgagebusiness

Risks are rising for Australia’s largest mortgage insurer with one banking analyst warning that Australia’s “benign credit environment” won’t last forever.

Australian housing market at ‘turning point’: HSBC
10 July 2017
mortgagebusiness

Australia is now experiencing the bottom of the interest rate cycle and the second half of 2017 will be a “turning point” for the market, economists have predicted.

Bank busted for ownership non-disclosure
7 July 2017
mortgagebusiness

An ASIC investigation of NAB-aligned dealer groups has discovered failures to disclose relationships between advisers, licensees and product issuers within the group.

Auswide increases rates for investment loans
7 July 2017
mortgagebusiness

Auswide Bank has announced that it will be raising the reference rates for investment home loans and lines of credit by 25 basis points from Tuesday.

2016 Census state-by-state breakdown of mortgages
7 July 2017
mortgagebusiness

There has been a rise in the number of mortgagors paying less than 30 per cent of total income towards median monthly mortgage repayments, and a decrease in those paying more, the 2016 ...

Nine in 10 resales gained profit in Q1 2017
6 July 2017
mortgagebusiness

Just over 90 per cent of Australian property resales during the March 2017 quarter earned a profit, earning vendors $20.9 billion in gains, new figures show.

Chinese investment flows ‘decrease markedly’
6 July 2017
mortgagebusiness

Tightening lending standards and foreign buyer taxes have seen Chinese investment in Australia “decrease markedly from their peak”, an international property portal has said.

Banks know ‘no one likes them’: economist
6 July 2017
mortgagebusiness

The head of the economics unit at BIS Oxford Economics has said that banks "know no one likes them" but would be subject to a huge backlash if they continue to increase standard variable ...

Customer-owned banking sector at a disadvantage: COBA
5 July 2017
mortgagebusiness

A “diverse banking sector” is essential for competition, but regulatory movements to limit investor lending have entrenched the major banks’ dominance, an industry association has said

Housing approvals down by nearly 20 per cent
5 July 2017
mortgagebusiness

Year-on-year numbers of dwelling approvals fell by 19.7 per cent between May 2016 and May 2017, according to seasonally adjusted figures from the Australian Bureau of Statistics.