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Economy

Fed likely to raise funds rate in September

The US Federal Reserve is likely to raise the Federal funds rate by 0.25 per cent at its September meeting, according to BondAdviser.

mortgagebusiness
Vacancy rates set to blow out

A senior economist has predicted that the magnitude of excess supply in cities like Melbourne is likely to drive “significant increases in vacancy rates” over the next 12 months. 

mortgagebusiness
Capital city land prices rise in excess of home values

Vacant land grew in value and price across most capital cities over the past year, with Sydney and Melbourne price increases rising in excess of those for home values, new research has found

mortgagebusiness
PLAN seeks new CEO

A leading aggregation business is recruiting for a new CEO, following the news that the current CEO will step down as the business integrates with another company.

mortgagebusiness
Apartment glut ‘theme park scary’

The number of apartments being built in Australia at the moment is “theme park scary” and could result in “the greatest apartment boom of all time”, according to a senior economist

mortgagebusiness
Australia’s largest brokerage focuses on Qld

Australia’s largest brokerage, which settled $22 billion worth of loans in the 2016 financial year, has set its sights on Queensland as part of its growth plans. 

mortgagebusiness
Business conditions reach lowest level since January

Business conditions have reached their lowest level since the start of the year, new research has revealed.

mortgagebusiness
Digital mortgage service wins major bank's backing

One of Australia’s big four banks has invested $16.5 million in a young digital mortgage service after recognising “its potential to become a serious player in the home loan market”.

mortgagebusiness
New platform allows investors to buy part of a house

Investors looking to get on the property ladder or diversify their portfolio can now buy part of a house or property for under $100, following the launch of a new platform that allows ...

mortgagebusiness
Major bank refunds $9.2m to customers

One of the big four banks has refunded approximately $9.2 million to 161,414 customers following a failure to waive fees over a six-year period.

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