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Economy

Major disruptor hits local mortgage market
26 May 2016
mortgagebusiness

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 ...

Spotcap reaches significant milestone
26 May 2016
mortgagebusiness

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.

Apartment oversupply 'overstated'
26 May 2016
mortgagebusiness

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

Apartment oversupply 'scary flavour of the month', says leading economist
25 May 2016
mortgagebusiness

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 ...

Lawyers warn new tax regime will impact mortgagees
25 May 2016
mortgagebusiness

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

Former PM joins negative gearing debate
25 May 2016
mortgagebusiness

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

US Fed ‘edging’ towards a rate rise: AMP
25 May 2016
mortgagebusiness

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 ...

Firstmac completes $500m RMBS issue
24 May 2016
mortgagebusiness

Non-bank lender Firstmac has priced $500 million in residential mortgage-backed securities (RMBS) at 150 basis points over the bank bill swap rate.

Medcraft steps down as chairman
24 May 2016
mortgagebusiness

ASIC chairman Greg Medcraft has announced he will not seek a further term as chairman of the International Organization of Securities Commissions (IOSCO).

'Investors are supporting supply'
24 May 2016
mortgagebusiness

A second property organisation has come to the defence of investors in the wake of the industry’s debate on housing affordability, and has outlined two strategies to tackle the issue.