Economy

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 ...

Consumer confidence falls for second week straight
20 February 2017
mortgagebusiness

Declines in sentiment toward both financial and economic conditions drove a fall in consumer confidence in the week ending 12 February.

Land lot prices rise to record high
20 February 2017
mortgagebusiness

The median price of land lots rose by 3.3 per cent during the September 2016 quarter, reaching a record high of $243,585, new research has shown.

90% of Aussies see ‘Great Australian Dream’ as unachievable
17 February 2017
mortgagebusiness

The majority of Australians say it is becoming increasingly difficult to achieve the ‘traditional dream’ of home ownership, according to fresh research from Mortgage Choice.

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.