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Economy

Non-bank boss warns of funding pressures
11 January 2017
mortgagebusiness

The head of a non-bank lender has explained how tighter funding will put significant pressure on lenders with a loan book under $500 million.

Capital city home values rise
11 January 2017
mortgagebusiness

Data for the 12 months ending 8 January 2017 has shown that the combined value of capital city homes rose by over 10 per cent year-on-year.

Job ads ‘fall sharply’ in December
11 January 2017
mortgagebusiness

Fresh figures have revealed that the annual growth rate in job advertisements dropped to 3.7 per cent year-on-year last month.

Young, affluent borrowers most exposed to rate rises
10 January 2017
mortgagebusiness

Owner-occupied mortgage holders that are young and affluent are more exposed to incremental interest rate rises than any other group of borrowers, new analysis has found

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.