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Economy

Cash rate to hold today, rise in 2017: RateCity

The Reserve Bank is likely to keep the official cash rate at its historic low of 1.50 per cent when the board meets today but move on rates next year, a mortgage comparison site has ...

mortgagebusiness
Investor confidence decreases in November

Declining investor sentiment across Asia has driven a 0.3 point drop in global investor confidence, according to the State Street Global Exchange Investor Confidence Index (ICI).

mortgagebusiness
‘I would be looking to exit the market’: Joye

Futures markets have signalled multiple RBA rate hikes over the coming years, suggesting the “overvalued” property market is in for a “reckoning”, according to a leading economist and fund ...

mortgagebusiness
Major bank CEO confirms mortgage rates will rise out-of-cycle

The CEO of a big four bank has admitted that the group will hike rates out-of-cycle in the future and warned that there are “emerging signs of stress” in Australian mortgages.

mortgagebusiness
Loss of AAA rating bad news for borrowers

The CEO of an online lending platform has expressed his concern over the implications for borrowers if Australia loses its AAA credit rating.

mortgagebusiness
Dwelling approvals plunge in October

The high-rise driven construction boom is showing clear signs of a downturn, with recent research showing that approvals dropped sharply during the month of October.

mortgagebusiness
ABCC restored to ‘rid industry of toxic practices’

The Australian government has decided to reinstate the Australian Building and Construction Commission (ABCC), marking an “important achievement” for the building industry and economy, ...

mortgagebusiness
LJ Hooker boss quashes IPO rumours

LJ Hooker’s managing director Grant Harrod has dismissed reports claiming that the iconic real estate network will list on the ASX.

mortgagebusiness
Non-major raises serviceability fears as rate hikes loom

A regional bank chairman has expressed concerns about the potential impact of rate hikes on the housing market and the ability of highly leveraged households to service debt.

mortgagebusiness
S&P reveals top credit risks for region in 2017

Potentially higher interest costs and volatile foreign exchange rates represent the top credit risks for Asia-Pacific going into 2017.

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