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Economy

Dwelling resale losses increase nationally

The proportion of national dwelling loss-making resales has increased over the quarter, despite that fact that “9 out of 10 homes resold for more than their previous purchase price”, a ...

mortgagebusiness
Regional bank acquires $1.35bn portfolio

In a move to push “better geographical diversification”, Bendigo and Adelaide Bank has acquired a portfolio of approximately $1.35 billion of standard residential loans from Western ...

mortgagebusiness
‘Little risk’ of oversupply for Sydney

A senior economist has forecast that there is little risk of oversupply in Sydney’s inner area and suburbs, despite the high-density building boom.

mortgagebusiness
Firstmac prices $600m RMBS issue

Non-bank lender Firstmac has priced a $600 million residential mortgage-backed securities issue in a transaction that is $100 million larger than its previous one.

mortgagebusiness
Non-major grows loan book to $8.7bn

One of the nation’s largest mutual lenders has described how its model helped borrowers without the “negative consequences of the profit-maximising culture of the four major banks”.

mortgagebusiness
Bubble risk ‘eminent’ in Sydney

Sydney ranks fourth among global cities most at risk of a housing bubble, recent research has revealed.

mortgagebusiness
Mortgages reliant on dual-incomes present 'potential risk'

Relying on two incomes to repay home loans presents “a potential risk [of] ‘mortgage stress’”, new research has suggested.

mortgagebusiness
Major bank raises $1.7bn of capital

One of the big four banks has completed and upsized its capital notes, raising almost $1.7 billion of additional capital.

mortgagebusiness
RBA ‘shouldn’t just rely on low interest rates’ to assist economy

The Reserve Bank of Australia should be getting more help from the government in trying to boost the economy, a chief economist has emphasised.

mortgagebusiness
Banks’ failure to pass rate cut 'not unexpected'

The fact that many Australian banks failed to pass on the full interest rate cut to their customers in August “wasn’t unexpected”, the Reserve Bank of Australia’s new governor-elect, Philip ...

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