Economy

Govt urged to tackle banking ‘oligopoly’
23 January 2017
mortgagebusiness

An industry association has called on the Turnbull government to allocate funds in the May budget to bring forward a planned Productivity Commission review of banking competition.

Mainland Chinese buyer demand ‘stronger than ever’
23 January 2017
mortgagebusiness

Chinese investors have made a comeback in the Australian property market, accounting for 53 per cent of transactions undertaken by CBRE’s Melbourne City sales team in the second half of 2016

DocuSign names new CEO
23 January 2017
mortgagebusiness

DocuSign has announced that former Responsys chairman and CEO Daniel Springer has joined the company as chief executive officer.

Brisbane apartments heading for oversupply
23 January 2017
mortgagebusiness

Approvals for apartments in Brisbane remain considerably higher than their 10-year average, according to a new research report.

‘Out of hand’ investors could trigger RBA hike
20 January 2017
mortgagebusiness

A resurgence in investor lending could see the Reserve Bank lift the cash rate earlier than expected, according to a market analyst.

Remuneration report exposes ‘inconvenient truth’
19 January 2017
mortgagebusiness

The Sedgwick Review into remuneration has found that cross-selling targets carry “particular risks of inappropriate outcomes” and identified a number of issues with the way bank staff are ...

Non-major cuts mortgage rates
18 January 2017
mortgagebusiness

A Queensland-based bank has announced discounts on variable and fixed rates for both owner-occupied and investment loans.

Serviceability no longer a point of difference, says non-major
18 January 2017
mortgagebusiness

Finding a bank that allows you to borrow more is becoming increasingly difficult in an environment of increased regulation, according to an industry leader.

2017 will be better than you think: Deloitte
18 January 2017
mortgagebusiness

Despite protectionist rhetoric from the US and gloomy forecasts from the IMF, Deloitte believes three factors suggest global growth is about to surprise on the upside, with Asia leading the ...

High household debt changes bank outlook to ‘negative’
17 January 2017
mortgagebusiness

Fitch Ratings has revised its outlook on the Australian banking sector to negative from stable due to an increase in macroeconomic risks and high household debt.