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Economy

Chief economist predicts two more rate cuts by year end

A prominent economist has forecast the cash rate to fall to 1.25 per cent by the end of 2016 due to record-low wages growth and a high Australian dollar.

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Foreign investor taxes a 'gravely risky strategy'

The Property Council of Australia has urged the NSW government not to make it harder for families to afford a home by increasing the land tax and stamp duty for foreign investors.

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Banks are now a ‘buy’, says fund manager

With the share prices of the major banks down close to 25 per cent from their highs in April 2015, one fund manager says the market is underestimating the strength of the big four.

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Major disruptor hits local mortgage market

The $1.8 trillion Australian mortgage market is set to be rocked by a new distribution channel that could be the biggest disruption the industry has seen since brokers emerged in the early ...

mortgagebusiness
Spotcap reaches significant milestone

Fintech lender Spotcap plans to triple its lending volumes over the next 12 months following substantial growth during its first year in the Australian market.

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Apartment oversupply 'overstated'

Fears surrounding the oversupply of new apartments in Australia have become increasingly "exaggerated", according to the chief executive of an online property agency.

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Apartment oversupply 'scary flavour of the month', says leading economist

Two of Australia’s most respected economists have addressed fears of an apartment bubble, following one bank’s decision to crack down on lending to high-rise and high-density dwellings in up ...

mortgagebusiness
Lawyers warn new tax regime will impact mortgagees

Leading law firm Gadens has warned that the new capital gains tax withholding payment regime will impact real estate mortgagees.

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Former PM joins negative gearing debate

With the negative gearing debate refusing to go away, former prime minister John Howard has reminded voters of where it all went wrong.

mortgagebusiness
US Fed ‘edging’ towards a rate rise: AMP

AMP Capital’s chief economist says the US Federal Reserve is setting the scene for a second interest rate hike in the coming months, with US money markets pricing in a 28 per cent chance of ...

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