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Economy

Capital city house prices outpace Sydney

Australia's capital city achieved the strongest house price growth over the June quarter, hitting a record median price along with two other capital cities.

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Major mortgage deal puts non-ADIs on par with banks

A proposed merger between two of of the country's largest non-banks would result in a combined loan book worth more than some Australian banks.

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SuiteBox makes key appointment

Mortgage software provider SuiteBox has announced the appointment of its new chief technology officer as the company looks to ramp up its presence in Australasia over the next six months.

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Rising government debt ‘worrisome’: HSBC

Australia’s current fiscal policy is “on the wrong path” and changes are needed to ensure public debt remains manageable, according to HSBC.

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Non-banks announce merger

Two non-bank lenders have today entered into a scheme implementation agreement to create one of Australia’s largest non-bank lenders.

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Major bank's $8 billion loan sale transforms M&A activity

A major loan deal between two of Australia’s largest lenders helped bolster the value of corporate deals in the financial services sector in the 2016 financial year.

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Banks must do better on cyber security: KPMG

Changes to the Privacy Act that make it mandatory to report serious data breaches could have grave reputational consequences for financial institutions, says KPMG.

mortgagebusiness
Post-GFC home values surge in two capitals

Australia’s capital city housing market has been “extremely interest rate-sensitive” since the GFC, according to a new data by CoreLogic.

mortgagebusiness
Business confidence recovers

Confidence among Australian businesses is back above the five-year average, according to the latest figures from Roy Morgan Research.

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High household debt risky for banks: Moody’s

Low interest rates and rising household debt are placing pressure on major banks and skewing risk to the downside, according to Moody’s Investors Service.

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