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Economy

Blind eye to foreign money could end badly for banks
4 July 2016
mortgagebusiness

A former banking executive has warned that Australian mortgage lenders could be left red-faced if questioned about the sources of foreign income.

SuiteBox eyes Australasian expansion
4 July 2016
mortgagebusiness

Mortgage software company SuiteBox has announced it will ramp up its presence in Australasia over the next six months, in the lead-up to its global expansion in 2017.

New home sales facing downturn
4 July 2016
mortgagebusiness

A recent report has revealed that total new home sales have fallen for a second consecutive month, pointing to a downward trend ahead.

Foreign buyer tax ‘playing on xenophobia’
1 July 2016
mortgagebusiness

The NSW government’s stamp duty increase for foreign buyers is a greed-driven decision that is making scapegoats of non-Australian residents, according to a real estate veteran.

Australia to ‘definitely’ lose AAA rating
1 July 2016
mortgagebusiness

There is “no question” that Australia will lose its AAA rating in 2016, with the downgrading likely to occur by August at the latest, according to one investment manager.

Non-major on a winning streak with mortgage sales
30 June 2016
mortgagebusiness

A challenger bank that sees 90 per cent of its mortgages written through the third-party channel is bucking the trend among non-majors by consistently growing its mortgage market share.

Investors ‘doubling up’ on Aussie real estate
30 June 2016
mortgagebusiness

Investors whose portfolios are dominated by Australian property should consider the diversification benefits of global listed real estate, according to a boutique investment manager.

Mortgage industry threatened by new disruptors
29 June 2016
mortgagebusiness

A new report has warned that Millennials have become the leading disruptors in Australia’s financial sector, with their appetite for innovative, real-time service presenting significant ...

ThinCats unveils new credit tool
29 June 2016
mortgagebusiness

ThinCats Australia has enhanced the group's lending capability with the launch of a new credit assessment tool.

Brexit: How it affects the local market
28 June 2016
mortgagebusiness

The historic Brexit referendum last week saw Britain vote to leave the European Union, with nearly 52 per cent in favour of the outcome. But what does it mean for Australia?