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Economy

Failed projects fuel apartment undersupply fears
10 February 2017
mortgagebusiness

An online property agency believes Melbourne is more likely to face an undersupply of new apartments rather than an oversupply due to its rapidly growing population.

Former major bank home loan manager jailed
9 February 2017
mortgagebusiness

A former home finance manager who worked for a big four bank has been sentenced to three years' imprisonment after pleading guilty to dishonest use of his position.

LMI giant rethinks business model as profits plummet
9 February 2017
mortgagebusiness

One of Australia’s largest mortgage insurers has revealed that it will redefine its core business model amid challenging market conditions and the potential loss of major clients.

Opportunity for rate cut remains, says ME
9 February 2017
mortgagebusiness

Industry super fund-owned bank ME has said that the Reserve Bank of Australia may still cut official cash rates later this year to address “low income growth and low job availability ...

‘Booming house prices’ contributing to Millennial pessimism
9 February 2017
mortgagebusiness

The rising cost of housing in Melbourne and Sydney is “partly to blame” for an increase in young Australians’ pessimism about their financial and emotional wellbeing.

RBA tipped to emphasise ongoing low inflation
9 February 2017
mortgagebusiness

ANZ expects tomorrow’s Statement of Monetary Policy by the Reserve Bank of Australia to highlight that while Australia’s growth outlook remains positive, inflation is likely to remain low

Global economy ‘on a knife edge’
8 February 2017
mortgagebusiness

The global economy is currently poised at a tipping point between inflation on the one hand and deflation on the other, says BondAdviser.

Banking association calls for new compensation scheme
8 February 2017
mortgagebusiness

A new, mandatory compensation scheme that covers consumers who have received poor financial advice from defunct financial advisers should be brought into effect, the Australian Bankers’ ...

HIA names new deputy MD
8 February 2017
mortgagebusiness

The Housing Industry Association has announced the appointment of Graham Wolfe as deputy managing director.

RBA makes cash rate call - Feb 2017
7 February 2017
mortgagebusiness

The Reserve Bank of Australia has revealed the decision of its first monthly board meeting of the year.