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Economy

Banks commit to further industry reforms
31 January 2017
mortgagebusiness

Building on last year’s reforms to address concerns with their culture, Australian banks have announced a series of new initiatives including improved protections for whistleblowers and a ...

High mortgage exposure pushes up banking risk
30 January 2017
mortgagebusiness

International ratings agency Moody’s has downgraded Australia’s banking sector risk from “an indicative very low” to “very low” to reflect the banks’ “high exposure to mortgages amid ...

Sydney mortgage broker permanently banned
30 January 2017
mortgagebusiness

ASIC has permanently banned a former Aussie Home Loans mortgage broker from credit and financial services industries.

Melbourne median breaks $750k mark
30 January 2017
mortgagebusiness

The median house price in Victoria's capital has surged to more than $750,000 for the first time, recent data shows.

Inflation plummets to 20-year low
27 January 2017
mortgagebusiness

New figures from the Australian Bureau of Statistics show that inflation has hit its lowest annual inflation rate in 20 years.

Major bank makes dramatic change to housing outlook
27 January 2017
mortgagebusiness

A big four bank has revised its predictions for national house price growth in 2017 as the market responds to recent rate changes.

Stamp duty review ‘necessary immediately’: REINSW
27 January 2017
mortgagebusiness

The Real Estate Institute of New South Wales insists that a review of stamp duty should be the newly appointed Premier’s first point of business.

Banks and tech players in digital mortgage race
25 January 2017
mortgagebusiness

The emergence of digital brokers and online mortgage lenders shows no signs of abating, with overseas players now looking to disrupt the Australian home loan market.

Australian bank oligopoly ‘alive and well’
25 January 2017
mortgagebusiness

The big four Australian banks are likely to continue to benefit from the ‘wealth effect’ created by strong asset values, with investor concerns about high residential mortgage exposures ...

Warning over off-the-plan deposits
25 January 2017
mortgagebusiness

An online property agency has warned that “thousands of buyers” of off-the-plan apartments in Victoria could lose their deposits following changes in design standards.