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Economy

Worsening arrears due to ‘high underemployment’

Mortgage arrears rose by four basis points to 1.14 per cent in the second quarter of 2016, which one ratings agency has said may be due to “high underemployment”. 

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NSW planning system has ‘long way to go’

Housing affordability, a planning system in need of reform and connecting new infrastructure with development are among the “toughest challenges for a growing Sydney”, a residential forum ...

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Australian population pushes past 24 million mark

The latest ABS demographic statistics show that Australia’s population broke through the 24 million mark during the first quarter of 2016.

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US Fed’s decision to hold rates ‘both good and bad’

A senior economist has commented that the US Federal Reserve’s decision to hold interest rates could be both good and bad for the Australia economy, as it has potentially negative ...

mortgagebusiness
Dwelling constructions rebound in wake of slowdown

Potential oversupply and settlement risks on off-the-plan apartment purchases have not deterred the number of dwellings approved for construction across Australia’s capital cities, a report ...

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Aussies feeling financial pinch prone to anxiety

Financial stress is causing depression and anxiety among Australians, leading to substance abuse and binge drinking, according to a new survey.

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Economy transitioning from mining construction “over-dependence”

Australia’s economic transition away from the “over-dependence on mining related construction” continues to progress, a new report has suggested.

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BOQ appoints new non-executive director

The Bank of Queensland has appointed financial services specialist Warwick Negus as a non-executive director, effective immediately.

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RBA ‘not inflation nutters’, says new governor

In his first speech as Reserve Bank governor, Philip Lowe says the RBA’s monetary policy is still accommodative and its “flexible medium-term inflation target remains the right monetary ...

mortgagebusiness
Major bank prices $800m debt issue

National Australia Bank has successfully priced subordinated medium term notes worth a total of $800 million.

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