Economy

Housing risks not addressed in budget: Moody’s
12 May 2017
mortgagebusiness

The ratings agency has warned that measures announced by the government to improve Australia’s housing affordability problem will not fix the “build-up of latent risks” in the housing market

Budget's bank accountability measures ‘a positive step’
12 May 2017
mortgagebusiness

The federal budget’s proposal to establish a complaints authority and banking executive accountability regime has been welcomed by stakeholders, who believe that it will quash calls for a ...

Government has ‘no intention’ of reducing foreign investment
12 May 2017
mortgagebusiness

A leading property research company has argued that the federal government has “no intention” of reducing foreign investment in property, despite the budget “dripping with rhetoric of ...

Regional Queensland rental market shows ‘promising signs’
12 May 2017
mortgagebusiness

New data has revealed improving conditions in regional Queensland property, which according to the Real Estate Institute of Queensland shows the area is “nurturing green shoots of recovery”

Analysis: The missing piece in Australian housing
11 May 2017
mortgagebusiness

The 2017 federal budget included a raft of measures to improve housing affordability. But will any of these measures actually improve the situation?

New measures seek to improve banking competition
11 May 2017
mortgagebusiness

The federal government has unveiled a range of measures that aim to make the banking industry more competitive, including allowing ADIs with less than $50 million in capital to call ...

Housing affordability measures announced in budget
10 May 2017
mortgagebusiness

The Treasurer has released the federal budget for 2017/18, which includes a range of measures that aim to make the housing market more affordable, as well as moves targeting banks.

Foreign firms could 'colonise' Australian banking
10 May 2017
mortgagebusiness

Australia’s slowness to offer open data leaves the country’s banking sector open to an incursion from more competitive foreign companies, according to Tyro Payments.

Residential building approvals post sharp decline
10 May 2017
mortgagebusiness

March figures from ANZ and the HIA have revealed a fall in approvals for residential building, which more than offset the increases in the previous two months.

Major bank chief predicts inner-city housing downturn
9 May 2017
mortgagebusiness

The CEO of a big four bank expects a reduction in mortgage growth over the next 12 months as regulatory measures slow the Sydney and Melbourne property markets.