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Economy

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.

‘Worrying hotspots’ in bank books, warns analyst
2 March 2017
mortgagebusiness

Lenders’ mortgage books – particularly those of the big four – are showing “worrying” signs of more risk with a notable uptick in interest only loans, according to a market analyst

RBA: ‘We do not expect inflation to fall further’
2 March 2017
mortgagebusiness

Despite the rate of national inflation growth rate falling to a 19-year low of 1.5 per cent last year, the governor of the Reserve Bank of Australia has said that he does not expect the rate ...

Major bank releases largest Australian green bond
2 March 2017
mortgagebusiness

A big four bank has become the first Australian bank to issue a public offshore green bond, which is also the largest green bond from an Australian issuer.

Non-major sees drop in loan approvals
1 March 2017
mortgagebusiness

Auswide Bank has reported that the value of loans approved during the first half of the financial year fell by 8.74 per cent to $269 million but that statutory consolidated net profit after ...