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Economy

'Unsustainable' mortgage pricing drives bank to lift rates

A regional bank has decided to increase its residential mortgage variable interest rate in response to rising funding costs.

mortgagebusiness
Rental yields hit record low in November

Rental yields reached a new low in November across the nation’s combined capitals, new research has found.

mortgagebusiness
Lowest level of first home buyers in 25 years

The percentage of first home buyers in the owner-occupier market has plunged to the lowest level in a quarter of a century, a new report has revealed.

mortgagebusiness
‘All the signs of a bubble are there’: Murray

Former CBA boss David Murray says property investors acquiring multiple dwellings have created a housing bubble that could end in economic disaster.

mortgagebusiness
S&P raises MyState Bank rating to BBB+

A global ratings agency has raised its long-term credit issuer rating of MyState Bank to ‘BBB+’ with a negative outlook, from ‘BBB’ with a developing outlook, based on an improved risk ...

mortgagebusiness
Housing contraction contributing to GDP decline

Reduced activity in the housing industry could be partly to blame for the first quarterly contraction in Australia’s economy since 2011, the Housing Industry Association has suggested.

mortgagebusiness
AMP Capital real estate funds raise over $1bn

Investments from both Australian and offshore investors have contributed more than $1.3 billion to AMP Capital’s flagship unlisted property funds throughout 2016.

mortgagebusiness
Staffing v Systemisation — getting the most out of your business

If you are still heading to a printer more than one or two times a day then you seriously need to think about reviewing not only your processes, but your entire business.

Sean Murphy, systemisation technology, staffing, reviewing your business
Major bank loses $2 billion in investor loans

A big four bank has seen its investor loan book shrink over the 12 months to October, while its peers managed to grow investor home lending despite ongoing regulatory pressures.

mortgagebusiness
Mortgage arrears up by 25%

Prime home loan arrears in the third quarter of 2016 were 25 per cent higher than the same quarter last year, due to lower wage growth, underemployment, and higher indebtedness, a leading ...

mortgagebusiness
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