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Economy

Apartments drive rebound in dwelling approvals
10 January 2017
mortgagebusiness

The volume of approvals for new dwellings bounced back strongly during the month of November, particularly on the multi-unit side, according to the Housing Industry Association (HIA).

Major bank gives $200 to 2017 babies
10 January 2017
mortgagebusiness

A big four bank has announced that it will offer Australian babies born in 2017 a $200 contribution into their savings accounts, which they will be able to access when they turn 16 years old

QBE increases investor rates
9 January 2017
mortgagebusiness

One of Australia’s largest providers of lenders mortgage insurance has made changes to its premium rates for the first time since 2013, including a rise in premium loading for investors.

New Chinese real estate marketplace offers international listings
9 January 2017
mortgagebusiness

A Chinese real estate website and a multi-billion dollar internet company have partnered to create a new online real estate marketplace that provides Chinese buyers with overseas property ...

ZipID partnerships push for ‘standard’ ID checks
9 January 2017
mortgagebusiness

ID verification company ZipID (acquired by Veda in 2015) believes a standardised approach to verifying the identity of borrowers will allow all lenders to improve their experience for ...

Majors' mortgage customers drag down satisfaction levels
6 January 2017
mortgagebusiness

New research has found that the mortgage customers of each of the big four banks continue to be a drag on their overall satisfaction, despite historically-low home loan rates.

Emotional Brexit rhetoric puts banks at risk
6 January 2017
mortgagebusiness

The potential for Brexit negotiations to be “hijacked by emotion” rather than level-headed discussion poses new challenges for banks across Europe and the UK, according to KPMG.

Only 11% would sell home to fund retirement
6 January 2017
mortgagebusiness

More than 8 in 10 Australians are unwilling or unsure to use the family home to fund their retirement, despite the average home owner holding around $442,000 of equity in their property, new ...

Banking loan portfolio reaches $1.51 trillion
5 January 2017
mortgagebusiness

The total loan portfolio on the Australian books of individual banks has reached a new high of $1.51 trillion, after rising by 0.65 per cent in the month ending 30 November 2016.

Suncorp Bank hikes home loan and business rates
4 January 2017
mortgagebusiness

Suncorp has today announced it will increase its variable interest rates on new and existing owner-occupier home loans by 0.15 per cent p.a. from 23 January 2017.