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Economy

SMSFs warned on ‘off-the-plan nightmares'
8 November 2016
mortgagebusiness

Practitioners and trustees are underestimating the risks associated with off-the-plan purchases by SMSFs, with many trustees unable to obtain finance or settle, even after receiving ...

ANZ CIO steps down as bank names new tech boss
8 November 2016
mortgagebusiness

ANZ has announced the appointment of a new group executive to help transform the bank to “compete effectively in the digital age”.

Data groups join forces to track home loan LVRs
7 November 2016
mortgagebusiness

CoreLogic and Veda have partnered to provide a new index that tracks the average loan-to-valuation ratio of mortgages across Australia.

Major bank looking at tracker mortgages
4 November 2016
mortgagebusiness

One of the big four banks has said that it is looking at the potential of bringing in rate tracker mortgages, but has warned that any such product would come at a premium.

Tim Brown leaves YBR and won’t be replaced
4 November 2016
mortgagebusiness

The chief executive of a major aggregator and head of lending at an ASX-listed mortgage group will step down from his position at the end of the year.

Capital city dwelling values reach ‘new record highs’
4 November 2016
mortgagebusiness

Recent research has found that dwelling values rose strongly across five of the eight capital cities in the quarter ended October 2016.

Apartment approvals fall 17.5%
4 November 2016
mortgagebusiness

Recent research has revealed that total dwelling approvals experienced a sharp decline during the month of September.

Trump ‘bad news’ for Australia, warns economist
3 November 2016
mortgagebusiness

Donald Trump’s election to the US presidency could pose significant risks for Australia’s economy, a senior economist has predicted.

Non-bank sees mortgage book rise 24%
3 November 2016
mortgagebusiness

A wealth management company has reported that its mortgage book grew to $39.4 billion in the first quarter of the financial year 2017, a 24 per cent rise on the same period last year.

RBA: ‘Inflation expected to pick up over the next two years’
3 November 2016
mortgagebusiness

Following its decision to leave the cash rate unchanged at 1.50 per cent, the Reserve Bank has said that its decision would achieve sustainable economic growth and help meet the inflation ...