Economy

One in five Aussies expect to retire with a mortgage
3 May 2017
mortgagebusiness

Older working Australians are not only more likely to enter retirement with high levels of debt, they are also under pressure to provide financial assistance to their children, a new report ...

RBA makes cash rate call - May 2017
2 May 2017
mortgagebusiness

The Reserve Bank of Australia has announced the decision of today’s monthly board meeting.

Conditions slow in nation’s hottest housing markets
2 May 2017
mortgagebusiness

April figures from CoreLogic show a slowdown in housing market conditions in Sydney and Melbourne, with capital city dwelling values recording their lowest month-on-month rise since 2015.

Big four agree to scrap non-monetary covenants for SMEs
2 May 2017
mortgagebusiness

All four of the major banks have confirmed that they will be removing non-monetary default clauses on small- to medium-sized business loans worth less than $3 million, in a bid to improve ...

RBA expected to leave rates on hold
2 May 2017
mortgagebusiness

Leading economists are confident that the Reserve Bank will leave the official cash rate unchanged at today’s board meeting.

APRA’s ‘blunt instrument’ a win for major banks
1 May 2017
mortgagebusiness

Fresh data from the prudential regulator has revealed a resurgence in mortgage lending among the big four, who are seeing no reduction in investor mortgage volumes despite lifting their ...

Banks announce home loan rate changes
1 May 2017
mortgagebusiness

Two Australian banks, including one of the big four, have announced pricing changes to their fixed and variable rate mortgage products.

Tyro Payments co-founder to depart
1 May 2017
mortgagebusiness

Australian payment provider Tyro Payments has announced co-founder and head of sales Andrew Rothwell will leave the business to “pursue a new opportunity” in the fintech space.

Brokers help drive record originations for Pepper
28 April 2017
mortgagebusiness

The non-bank lender has managed to grow its Australian mortgage originations by 36 per cent to $2.5 billion with the help of more than 2,600 brokers.

Sandstone names new CEO
28 April 2017
mortgagebusiness

Banking technology provider Sandstone Technology has announced the appointment of Julian Blackley as the group’s new CEO.