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Economy

Listed brokerage settles record number of loans
24 February 2017
mortgagebusiness

Mortgage Choice has announced that it settled a record $6.4 billion of loans in the half year ending December 2016, up 2.4 per cent on the prior comparative period.

Construction falls for second quarter in a row
24 February 2017
mortgagebusiness

The level of construction work done in Australia fell for the second consecutive quarter in Q4 last year, according to recent findings by ANZ.

Nationals MP calls for deposit-free home buying
23 February 2017
mortgagebusiness

A federal government MP has suggested that housing could be made more affordable for first home buyers in Australia if banks would waive the need for a deposit for those with a three-year ...

Helping older Australians could unlock housing supply
23 February 2017
mortgagebusiness

Housing supply could be improved by assisting retirees and upgraders who are being impeded from selling their properties due to the cost of stamp duty, according to the Real Estate Institute ...

Ratio of household debt to income ‘at record high’
23 February 2017
mortgagebusiness

The governor of the Reserve Bank says that Australian households are carrying more debt than they have before, which is a “significant issue” that the central bank is “watching carefully”

‘Strong negative turn’ in investor sentiment could correct market
22 February 2017
mortgagebusiness

A recent downtrend in investor property appetite could trigger a correction in the housing market if it were to continue, according to a market analyst.

Auction volumes surpass 2,000 for first time in 2017
22 February 2017
mortgagebusiness

There were 2,280 dwellings auctioned off in Australia’s capital cities in the week ending 19 February, marking it the first time the number of auctions had surpassed the 2,000 milestone in ...

Equity release company partners with credit union
22 February 2017
mortgagebusiness

Homesafe Solutions Pty Ltd has announced it has entered into a referral partnership with Nexus Mutual (previously Esso Employee Credit Union).

Former QLD premier appointed ABA CEO
21 February 2017
mortgagebusiness

Anna Bligh, former premier of Queensland, has been announced as the new chief executive of the Australian Bankers’ Association.

Housing market ‘not all about owning home’, says RBA
20 February 2017
mortgagebusiness

The RBA’s assistant governor (economic) says that although there are some “pockets of potential stress” in the housing market, housing affordability is more layered and complex than much of ...