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Economy

Growing risk of housing downturn, warns asset manager
7 September 2016
mortgagebusiness

Australia’s construction boom may be fuelling economic growth for now, but pockets of oversupply are increasing the risk of a housing downturn from as early as next year, according to a ...

RBA surprises experts with cash rate call
6 September 2016
mortgagebusiness

The Reserve Bank of Australia has delivered an unexpected decision at its monthly board meeting.

RBA makes cash rate announcement
6 September 2016
mortgagebusiness

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

Australian economy faces ‘significant negative shocks’: report
6 September 2016
mortgagebusiness

A leading industry analyst expects Australia’s economic growth to weaken over the next three years, tipping GDP to ease considerably and residential dwelling commencements to fall by more ...

Value of ‘switching’ loans hits $43bn
6 September 2016
mortgagebusiness

Borrowers continue to switch the purpose of their mortgages from investor to owner-occupier more than a year after two-tiered pricing was introduced.

Rates to hold until 2017
6 September 2016
mortgagebusiness

According to analysis by a mortgage comparison site, the Reserve Bank is likely to keep the official cash rate on hold today as it waits for the August cut to flow through the economy.

Record decline in value of investor mortgages outstanding
5 September 2016
mortgagebusiness

New figures from the Australian Prudential Regulation Authority (APRA) have revealed that the value of investor mortgages outstanding has fallen by 2.4 per cent year-on-year, its greatest ...

2 in 3 Aussies don’t understand comparison rate
5 September 2016
mortgagebusiness

A recent survey has revealed that the vast majority of homebuyers could be missing out on the best loans due to low levels of financial literacy.

Bank in merger talks with credit union
5 September 2016
mortgagebusiness

The managing director of a non-major bank has revealed that the company is in discussions with a Sydney-based credit union.

Non-major bank cuts rates
5 September 2016
mortgagebusiness

A non-major lender has today announced that it will cut interest rates across its commercial product range, effective from 5 September.