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Economy

Stamp duty review ‘necessary immediately’: REINSW

The Real Estate Institute of New South Wales insists that a review of stamp duty should be the newly appointed Premier’s first point of business.

mortgagebusiness
Banks and tech players in digital mortgage race

The emergence of digital brokers and online mortgage lenders shows no signs of abating, with overseas players now looking to disrupt the Australian home loan market.

mortgagebusiness
Australian bank oligopoly ‘alive and well’

The big four Australian banks are likely to continue to benefit from the ‘wealth effect’ created by strong asset values, with investor concerns about high residential mortgage exposures ...

mortgagebusiness
Warning over off-the-plan deposits

An online property agency has warned that “thousands of buyers” of off-the-plan apartments in Victoria could lose their deposits following changes in design standards.

mortgagebusiness
Major bank reveals remuneration changes

A big four bank has revealed an overhaul of its incentive payments, just days after the release of the interim Sedgwick Review into remuneration.

mortgagebusiness
Trump inauguration marks 'whole new world'

Investors should prepare for more volatility and political uncertainty as the new President of the United States commences in his role, says Eaton Vance.

mortgagebusiness
Banks ‘committed’ to improving customer trust

The Australian Banking Association (ABA) has welcomed a report that says banks and the finance industry have demonstrated ‘a clear commitment’ to improve customer outcomes and build public ...

mortgagebusiness
HIA welcomes government focus on housing

The government’s appointment of a new Assistant Minister to the Treasurer to focus on housing affordability has been applauded by the Housing Industry Association.

mortgagebusiness
Govt urged to tackle banking ‘oligopoly’

An industry association has called on the Turnbull government to allocate funds in the May budget to bring forward a planned Productivity Commission review of banking competition.

mortgagebusiness
Mainland Chinese buyer demand ‘stronger than ever’

Chinese investors have made a comeback in the Australian property market, accounting for 53 per cent of transactions undertaken by CBRE’s Melbourne City sales team in the second half of 2016

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