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Economy

Vacancy rates drop, pushing rents up

The number of vacant properties in Australia dropped in August, pushing up rental prices in most cities, new research has shown.

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30% of FHBs worry about paying their mortgage

Nearly one in three first home buyers worry about managing their mortgage repayments, a recent survey has revealed. 

mortgagebusiness
MyState issues $10m of subordinated notes

A Tasmanian lender has priced a $10-million debt issue in a transaction that will allow the group to “build greater diversity” into its capital base.

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Mutual bank pre-tax profit surges by 6.46%

Reporting on its overall performance for the year, Heritage Bank has posted a year-on-year surge of 6.46 per cent to $50.1 million in pre-tax profit, with above system average growth in its ...

mortgagebusiness
Fintechs to ‘shrink’ role of banks

The current disruption posed by fintechs has “the potential to shrink the role and relevance of today’s banks”, a prominent banking sector executive has forewarned.

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Credit union posts record net profit

Australia’s second-largest credit union has announced a record net profit after tax, as well as strong sales and portfolio growth in the FY15/16. 

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Consumer confidence dips despite last week’s gain

Consumer confidence has fallen in the last week, although it remains “high by historical standards”, a new report has revealed.

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Home ownership ‘in for a permanent change’

A senior economist has said that home ownership is likely to drop considerably by 2021, which is a “major issue” and will have “significant social and financial consequences”. 

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Home loan arrears dip lower in July

The number of Australian housing loans in arrears has declined in July for the second consecutive month, new research has found.

mortgagebusiness
1 in 4 Aussies fear credit score will affect loan approval

Twenty-five per cent of Aussies fear their credit score could prevent them from getting a loan or credit card, according to a new survey by finder.com.au.

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