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Economy

Bank changes fixed and variable rates
16 December 2016
mortgagebusiness

A Queensland-based bank has announced variations to fixed and variable home loan rates for both new and existing customers, including a seven basis point increase for existing residential ...

Bank to reprice investor home loans in 2017
16 December 2016
mortgagebusiness

A challenger bank will hit property investors with a 15 basis point variable rate hike in the new year.

Weak GDP data hits consumer confidence
16 December 2016
mortgagebusiness

Consumer confidence fell sharply last week, with the headline index dropping to its lowest level since May, new research has found.

Non-mining economy ‘losing steam’ as business conditions fall
16 December 2016
mortgagebusiness

The aggregate level of business conditions dropped in November, falling to its long-run average for the first time since April 2015, which according to NAB suggests that the non-mining ...

Regional bank changes fixed and variable rates
15 December 2016
mortgagebusiness

A regional bank has announced an increase to variable interest rates and adjustments to fixed rate loans, including a 26 basis point increase for one of its products.

Non-bank names new CEO
15 December 2016
mortgagebusiness

An Australian mortgage provider has announced the appointment of a new group chief executive.

Real estate boss slams NSW government's $4bn ‘revenue party’
15 December 2016
mortgagebusiness

A leading real estate group has challenged the NSW treasurer’s claim that the state government is improving housing affordability by focusing on new supply to put downward pressure on prices

Apple Pay now available to FlexiGroup cards customers
15 December 2016
mortgagebusiness

The ASX-listed diversified financial services firm announced earlier this week that Apple Pay is now being offered to customers of its subsidiary card brands.

Bank announces changes to fixed and variable mortgage rates
14 December 2016
mortgagebusiness

A non-major bank has today announced a range of changes across its fixed and variable rate home loans, including a 10 basis point cut to one of its products.

‘RBA will cut again,’ says economist
14 December 2016
mortgagebusiness

A leading Australian economist has predicted that the Reserve Bank of Australia will “reluctantly” cut interest rates next year, due to concern over house prices.