Economy

Stamp duty debate ongoing
8 December 2016
mortgagebusiness

A real estate veteran has criticised Mike Baird for calling for changes to negative gearing, urging the NSW premier to direct his attention to stamp duty and land tax instead.

Latest round of rate hikes ‘a sign of what's to come’
7 December 2016
mortgagebusiness

Recent decisions made by the major banks to lift their fixed-rate mortgages suggest that variable rate hikes are on the way, according to mortgage comparison site RateCity.

RBA holds rates on ‘strengthened’ housing market
7 December 2016
mortgagebusiness

Following its decision to leave rates on hold yesterday, the Reserve Bank of Australia says conditions in the housing market have strengthened overall.

ASX to take over BBSW administration
7 December 2016
mortgagebusiness

The ASX been appointed to administer the bank bill swap rate following a tender process by the Australian Financial Markets Association (AFMA).

RBA makes cash rate call - Dec 2016
6 December 2016
mortgagebusiness

The Reserve Bank of Australia has delivered the decision of its final monthly board meeting of the year.

Non-bank announces major acquisition
6 December 2016
mortgagebusiness

A specialist lender has acquired a non-major bank’s business banking portfolio, including commercial and asset finance books valued at $240 million.

Cash rate to hold today, rise in 2017: RateCity
6 December 2016
mortgagebusiness

The Reserve Bank is likely to keep the official cash rate at its historic low of 1.50 per cent when the board meets today but move on rates next year, a mortgage comparison site has ...

Investor confidence decreases in November
6 December 2016
mortgagebusiness

Declining investor sentiment across Asia has driven a 0.3 point drop in global investor confidence, according to the State Street Global Exchange Investor Confidence Index (ICI).

‘I would be looking to exit the market’: Joye
5 December 2016
mortgagebusiness

Futures markets have signalled multiple RBA rate hikes over the coming years, suggesting the “overvalued” property market is in for a “reckoning”, according to a leading economist and fund ...

Major bank CEO confirms mortgage rates will rise out-of-cycle
2 December 2016
mortgagebusiness

The CEO of a big four bank has admitted that the group will hike rates out-of-cycle in the future and warned that there are “emerging signs of stress” in Australian mortgages.