Economy

Rental listings climb higher
10 March 2017
mortgagebusiness

Fresh figures from CoreLogic show that the number of rental advertisements over the past year grew by around 9 per cent for both houses and units.

Banks tipped to ‘benefit massively’ from open data
9 March 2017
mortgagebusiness

The standing committee on economics has echoed the sentiments of fintech executives who emphasise that open data would be a positive step for the banking industry and critical for fostering ...

FHB numbers increase in December quarter
9 March 2017
mortgagebusiness

Fresh research has revealed that the December quarter saw an increase of almost 7 per cent in the number of first home buyers nationally.

RBA announces cash rate decision
7 March 2017
mortgagebusiness

The Reserve Bank of Australia has revealed the outcome of today’s board meeting.

NSW must trump Victoria on housing reform: Cunningham
7 March 2017
mortgagebusiness

A real estate industry leader has called out NSW as “living in the shadow” of its southern counterparts and at risk of losing its best and brightest young people, following Victoria’s ...

Auction clearance rates slip
7 March 2017
mortgagebusiness

After recording the strongest result since June 2015 in the last week of February, the preliminary auction clearance rate across the combined capital cities eased back in the week ending 5 ...

OECD housing alarm ‘nothing new’, says economist
6 March 2017
mortgagebusiness

A senior economist has stressed that the OECD’s warning about Australia’s house prices is not new, although he agrees that excessive house price and household debt growth is Australia’s ...

Dwelling approvals exceed market expectations
6 March 2017
mortgagebusiness

ANZ says that the overall increase in housing approvals in January thwarted market expectations of another decline.

Challenger bank calls for credit card reforms
3 March 2017
mortgagebusiness

A non-major lender is recommending reforms to the credit card market as the financial services industry braces for the next bank inquiry.

GDP rebounds strongly in Q4
3 March 2017
mortgagebusiness

After a shock 0.5 per cent quarter-on-quarter drop in Q3, Australia’s GDP bounced back in Q4 by 1.1 per cent, according to ANZ.