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Economy

Increasing house value can expose owners to “economic shocks”
4 October 2016
mortgagebusiness

An increase in house value is associated with an increase in household debt among property owners, “exposing homeowners to economic shocks”, new research has found.

'Brighter days' ahead for non-residential construction
3 October 2016
mortgagebusiness

The non-residential side of the construction industry has been not “so cheery”, despite record levels of residential construction, but there are signs that levels could soon pick up, a ...

FHBs struggle to buy in areas they want
3 October 2016
mortgagebusiness

Almost 40 per cent of first home buyers who purchased within the last two years have admitted they “couldn’t buy where they wanted”, a survey has found.

Dwelling resale losses increase nationally
3 October 2016
mortgagebusiness

The proportion of national dwelling loss-making resales has increased over the quarter, despite that fact that “9 out of 10 homes resold for more than their previous purchase price”, a ...

Regional bank acquires $1.35bn portfolio
30 September 2016
mortgagebusiness

In a move to push “better geographical diversification”, Bendigo and Adelaide Bank has acquired a portfolio of approximately $1.35 billion of standard residential loans from Western ...

‘Little risk’ of oversupply for Sydney
30 September 2016
mortgagebusiness

A senior economist has forecast that there is little risk of oversupply in Sydney’s inner area and suburbs, despite the high-density building boom.

Firstmac prices $600m RMBS issue
30 September 2016
mortgagebusiness

Non-bank lender Firstmac has priced a $600 million residential mortgage-backed securities issue in a transaction that is $100 million larger than its previous one.

Non-major grows loan book to $8.7bn
29 September 2016
mortgagebusiness

One of the nation’s largest mutual lenders has described how its model helped borrowers without the “negative consequences of the profit-maximising culture of the four major banks”.

Bubble risk ‘eminent’ in Sydney
29 September 2016
mortgagebusiness

Sydney ranks fourth among global cities most at risk of a housing bubble, recent research has revealed.

Mortgages reliant on dual-incomes present 'potential risk'
29 September 2016
mortgagebusiness

Relying on two incomes to repay home loans presents “a potential risk [of] ‘mortgage stress’”, new research has suggested.