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Economy

Unit prices to tumble by 9%
14 October 2016
mortgagebusiness

The Australian residential property market is expected to soften over the coming three years after the investor lending crackdown, with some markets at particular risk.

Record-low rates drive office yields to pre-GFC lows
14 October 2016
mortgagebusiness

Close to four years of yield compression has pushed Sydney’s CBRE office yields to a historical, pre-GFC low — with potential to fall further, new research shows.

Foreign investor headwinds to have major impact on real estate
13 October 2016
mortgagebusiness

One of Australia’s largest LMI players has warned that any disruption to the steady flow of foreign buyer demand could have serious ramifications for the Australian property market.

No ‘viable market opportunity’ for tracker mortgages
13 October 2016
mortgagebusiness

A chief banking representative has suggested that there is currently “not a viable market opportunity” for rate tracker mortgages in Australia, despite “more than 85 per cent” of home buyers ...

Leading building society rules out bank move
12 October 2016
mortgagebusiness

Australia’s largest building society has said that it will not be changing to a bank any time soon, as it wishes to keep its distance from the “negative stigma” attached to banks in the ...

Bermuda-based fund manager to control mortgage supergroup
12 October 2016
mortgagebusiness

In an extraordinary general meeting yesterday, the chairman of an ASX-listed non-bank lender explained how the company stands to benefit from a merger with one of Australia’s mortgage ...

One in five mortgages now under 4%
12 October 2016
mortgagebusiness

Following the RBA rate cut in August and continued competition among lenders, home loan rates trended downward during Q1 with nearly 20 per cent of mortgages now with a rate of under 4 per ...

Banking review pushes for tracker mortgages
11 October 2016
mortgagebusiness

The leaders of the big four banks have given mixed responses to government over whether tracker mortgages, which are tied to the official cash rate, should be introduced in Australia.

Banks must deal with ‘prickly issues’ to avoid headline shame
11 October 2016
mortgagebusiness

One executive trainer says bank culture must change beyond the introduction of ping-pong tables, pizza days and height-adjustable desks.

Non-major bank names new director
11 October 2016
mortgagebusiness

The ME board has announced the appointment of Ms Elana Rubin, effective 4 October 2016.