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Economy

Mortgage group profit drops 28%

A mortgage and wealth group saw its net profit after tax (NPAT) drop by 28 per cent in one year, largely due to “the impact of the deferred tax adjustment … and a final onerous lease ...

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Bright outlook for US real estate

Favourable demographics, demand driven by the technology boom and yield-hungry investors are likely to support US real estate in years to come, says Frontier Advisors.

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Global player sees 77% surge in local mortgage settlements

A leading mortgage provider has achieved record Australian residential mortgage lending volumes in the first six months of calendar year 2016.

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Monetary policy faces strategic review at Jackson Hole

A leading commentator says major economies across the globe are beginning to rethink the effectiveness of setting interest rates in a world of slower growth.

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Bank sizing up acquisition targets as industry consolidates

The CEO of an Australian bank has revealed that the group is keen to grow its business through M&A as the mortgage industry experiences continued consolidation.

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Real estate markets could get choppy, warns economist

Australians heavily exposed to residential property have been cautioned that weak inflation could see the RBA cut the cash rate again, spelling trouble for some of Australia’s residential ...

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Major bank announces investor loan changes

A big four bank has informed its mortgage brokers and proprietary lenders of changes to a number of home loan products.

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Pepper sells $400m of home loans

Non-bank mortgage provider Pepper Group Limited has announced that it has agreed contractual terms on a whole loan sale transaction comprising a $400 million portfolio of residential ...

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Non-major diversifies funding with FRN issue

A listed Australian bank has priced its fourth Senior Unsecured Floating Rate Note.

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AICC appoints new CEO

The Australian-Israel Chamber of Commerce NSW has announced the appointment of a new chief executive as the company pushes forward with new growth strategies.

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