Economy

Lowest level of first home buyers in 25 years
13 December 2016
mortgagebusiness

The percentage of first home buyers in the owner-occupier market has plunged to the lowest level in a quarter of a century, a new report has revealed.

‘All the signs of a bubble are there’: Murray
12 December 2016
mortgagebusiness

Former CBA boss David Murray says property investors acquiring multiple dwellings have created a housing bubble that could end in economic disaster.

S&P raises MyState Bank rating to BBB+
12 December 2016
mortgagebusiness

A global ratings agency has raised its long-term credit issuer rating of MyState Bank to ‘BBB+’ with a negative outlook, from ‘BBB’ with a developing outlook, based on an improved risk ...

Housing contraction contributing to GDP decline
12 December 2016
mortgagebusiness

Reduced activity in the housing industry could be partly to blame for the first quarterly contraction in Australia’s economy since 2011, the Housing Industry Association has suggested.

AMP Capital real estate funds raise over $1bn
12 December 2016
mortgagebusiness

Investments from both Australian and offshore investors have contributed more than $1.3 billion to AMP Capital’s flagship unlisted property funds throughout 2016.

Staffing v Systemisation — getting the most out of your business
12 December 2016
Sean Murphy, systemisation technology, staffing, reviewing your business

If you are still heading to a printer more than one or two times a day then you seriously need to think about reviewing not only your processes, but your entire business.

Major bank loses $2 billion in investor loans
9 December 2016
mortgagebusiness

A big four bank has seen its investor loan book shrink over the 12 months to October, while its peers managed to grow investor home lending despite ongoing regulatory pressures.

Mortgage arrears up by 25%
9 December 2016
mortgagebusiness

Prime home loan arrears in the third quarter of 2016 were 25 per cent higher than the same quarter last year, due to lower wage growth, underemployment, and higher indebtedness, a leading ...

Challenger bank hikes variable rates
8 December 2016
mortgagebusiness

Another non-major bank will increase its standard variable interest rates on residential property loans next week.

Suncorp Bank lifts investor rates
8 December 2016
mortgagebusiness

The regional bank has today announced it will increase its variable interest rates on new and existing investor home loans by 15 basis points from next Tuesday.