Economy

Business conditions jump in January
17 February 2017
mortgagebusiness

The latest data from NAB’s Monthly Business Survey revealed that business conditions surged unexpectedly last month, pointing to “very strong” current levels of business activity.

Industry body calls out ‘failed’ housing agreement
15 February 2017
mortgagebusiness

The Housing Industry Association has accused the National Affordable Housing Agreement of failing to deliver on its targets “by a long shot”.

Housing body calls for proposed changes to be ‘expedited’
14 February 2017
mortgagebusiness

The HIA has urged for proposed changes to the national Building Code to be expedited in order to continue to provide the infrastructure that Australian communities “desperately need”.

Household debt could lead to economic ‘catastrophe’
13 February 2017
mortgagebusiness

The chief executive of Financial Counselling Australia has said that mortgage stress is contributing to Australia’s “debt hangover”, and warned that rising interest and unemployment rates ...

Non-major bank lifts rates
13 February 2017
mortgagebusiness

A non-major lender has announced that the variable interest rate for existing owner-occupied home loans and business loans will rise by 10 basis points, effective immediately.

Melbourne properties selling fastest of any capital city
13 February 2017
mortgagebusiness

Fresh figures from CoreLogic have revealed that the turnaround time for Melbourne dwellings has fallen to a historic low of just 29 days.

Aussies losing $8.3bn in savings every year
13 February 2017
mortgagebusiness

New research from CreditSimple.com.au reveals that Australians don’t know they can get better deals from banks, energy providers and telcos, and could collectively be missing out on up to ...

‘Sharp competition’ pressuring mortgage profitability
10 February 2017
mortgagebusiness

A non-major bank has had its net interest margin squeezed by seven basis points over the second half of 2016 amid challenging market conditions.

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.