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Economy

Market mayhem as BBC calls Brexit outcome

Global markets have been sent into a spin as the BBC projects a victory for the “Leave” campaign.

mortgagebusiness
Greater Bank introduces new investor rates

Greater Bank has made significant cuts to some of its fixed-rate home loans for investors.

mortgagebusiness
Australian banks in ‘turmoil’, warns global firm

Recently announced measures designed to increase transparency in Australian banks are not enough to turn around the constant stream of scandals in the sector, warns a new report.

mortgagebusiness
Investors own half of all Australian apartments

As the future of negative gearing hangs in the balance, a new report has found that almost half of Australian units are owned by investors.

mortgagebusiness
Decimal appoints new chairman

Mortgage technology provider Decimal Software has appointed Hewlett-Packard Enterprise’s chief technology officer as its new non-executive chairman.

mortgagebusiness
Auswide cuts rates for investors

Auswide Bank has announced rate reductions for some of its investor home loan products.

mortgagebusiness
Labor policy could wreak havoc on mortgage market

Australia’s mortgage market could be in for a rough ride if Labor’s negative gearing proposals become a reality, a new report has warned.

mortgagebusiness
RBA bullish on apartments despite settlement risks

The central bank believes apartments will continue to play an important role in the economy despite tighter credit conditions putting pressure on builders and buyers.

mortgagebusiness
MFAA CEO steps down over ‘strategic differences’

The CEO of the Mortgage and Finance Association of Australia (MFAA), Siobhan Hayden, has stepped down due to strategic differences with the board.

mortgagebusiness
Bank doubles investor loan book value

Seven third-party banks recorded double-digit growth in the sizes of both their investor and owner-occupier lending portfolios over the 12 months to April, with one bank more than doubling ...

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