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Economy

FHBs continue to lose confidence

Confidence among first home buyers dropped again in the first quarter of 2016, with two leading industry figures pointing to changing consumer expectations as a contributing factor.

mortgagebusiness
New land tax 'not politically feasible'

The current property tax structure is costing jobs, negatively affecting the property market and hurting progress, but reform won’t be as simple as it seems, according to a prominent lobby ...

mortgagebusiness
Fed Court appoints liquidators to land banking companies

ASIC has announced that the Federal Court has appointed liquidators to two companies associated with land banking schemes in Victoria.

mortgagebusiness
Royal commission won’t change major banks: COBA

Australia’s customer-owned banks have criticised the “lack of urgency” in implementing Financial System Inquiry reforms designed to push the big four banks to “lift their game”.

mortgagebusiness
Business conditions hit eight-year high

New data has revealed that business conditions were at their strongest in eight years during March despite global uncertainties.

mortgagebusiness
Bendigo and Adelaide Bank admits to mortgage distribution flaws

Bendigo and Adelaide Bank has lost engagement with brokers after conceding that its mortgage portfolio has been “very heavily skewed” towards the underperforming mortgage management market

mortgagebusiness
HSBC names Australia’s global banking head

HSBC has announced the appointment of its new head of global banking in Australia.

mortgagebusiness
Resimac receives top ratings for prime RMBS

Standard and Poor’s (S&P) has assigned AAA ratings to three classes of Resimac’s prime residential mortgage-backed securities (RMBS).

mortgagebusiness
Mortgage fund makes billion-dollar breakthrough

One of Australia’s largest mortgage funds has pushed through the $1 billion mark in funds under management for the first time since November 2011.

mortgagebusiness
Home loan demand bounces back

Fresh figures from the Australian Bureau of Statistics (ABS) show that demand for mortgages recovered in February after experiencing a slight drop during the first month of 2016.

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