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Economy

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 ...

Mortgage group names new GM
2 November 2016
mortgagebusiness

An ASX-listed branded broker group has announced the appointment of a new general manager to lead the company’s new franchise business.

Regional NSW and VIC house prices tick up
2 November 2016
mortgagebusiness

As property in Melbourne and Sydney reach new record levels, the median stratified house prices in regional Victoria and NSW are also largely on the up, a new report has found.

RBA makes cash rate announcement
1 November 2016
mortgagebusiness

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

S&P revises banks’ credit outlook to ‘negative’ amid housing risks
1 November 2016
mortgagebusiness

S&P Global Ratings has revised its outlook for 25 Australian financial institutions and three banks after warning of rising risks due to high private debt and residential property prices

MyState prices $300m in RMBS
1 November 2016
mortgagebusiness

A Tasmanian lender has priced $300 million in residential mortgage backed securities (RMBS), in a move that marks the “exceptional performance” of its Australian residential mortgages.

RBA tipped to ‘sit tight’ on rate today
1 November 2016
mortgagebusiness

The Reserve Bank of Australia is likely to leave the official cash rate on hold today after last week’s inflation figures came in “slightly stronger” than expected, a mortgage comparison ...

Major bank to sell $11bn loan portfolio
31 October 2016
mortgagebusiness

A big four bank will offload $11 billion in gross loans and advances and $7 billion in credit risk weighted assets as part of a major sale of its Asian operations.

Melbourne, Sydney and Canberra house prices reach record levels
31 October 2016
mortgagebusiness

Median asking prices for homes in Sydney, Melbourne and Canberra have risen to new record levels, while prices in Brisbane, Adelaide, Perth and Darwin have dropped, compounding the ...