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Economy

RBA still anxious about housing credit
24 April 2017
mortgagebusiness

Bank lending to property investors has increased steadily since early 2016 despite efforts to tighten lending standards, says the Reserve Bank of Australia.

National median house price reaches new record high
24 April 2017
mortgagebusiness

Most capital city housing markets have been experiencing “buoyant growth”, according to Domain, with a 10.2 per cent annual increase in the national median house price bringing it to over ...

Home loans in arrears fall unexpectedly
24 April 2017
mortgagebusiness

A recent report by a ratings agency has revealed the number of delinquent housing loans declined surprisingly in February, despite rising interest rates and seasonal effects.

Major bank lifts fixed interest rates
21 April 2017
mortgagebusiness

A big four bank has announced that it has raised fixed interest rates on investor and interest-only home loans in a bid to meet its regulatory requirements.

Interest-only mortgage glut sparks default risk
21 April 2017
mortgagebusiness

The high level of interest-only mortgages in the Australian economy has led one global fund manager to flag negative equity risks for borrowers and question the effectiveness of ...

Rate hikes don’t dampen housing optimism
21 April 2017
mortgagebusiness

A recent survey has revealed businesses remain bullish on the property sector despite reporting higher funding costs and higher interest rates.

Banks defend ‘soft dollar’ and volume-based incentives
20 April 2017
mortgagebusiness

The much-anticipated final report from Stephen Sedgwick AO has made a number of recommendations for reform in mortgage broking after identifying “significant risks of mis-selling”.

Housing markets warrant ‘careful monitoring’: RBA
20 April 2017
mortgagebusiness

The Reserve Bank of Australia has clarified its stance on the official cash rate, noting that while indicators of financial stress in the household sector remain contained, it warrants ...

Former developer arrested and charged
20 April 2017
mortgagebusiness

A former real estate developer has been arrested and charged with 15 offences following an ASIC investigation.

Household debt vulnerabilities ‘increasing’: RBA
19 April 2017
mortgagebusiness

Australia's financial system is exposed to risks associated with high household indebtedness, which could “amplify and propagate an economic downturn, declines in housing prices and losses ...