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Economy

Heritage hungry for more investor loans

Heritage Bank CEO Peter Lock says the bank has “plenty of appetite to move in the investor space” following solid increases in its profit and loan book for the first half of 2015-16.

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Banks chase agents and accountants for mortgage leads

A Perth-based mortgage broker says bank staff are increasingly building referral relationships with real estate agents and accountants as competition for home loans heats up.

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Business confidence steady, conditions ease

In the face of persistent financial market volatility, business confidence continues to hold up while conditions have eased, according to NAB.

mortgagebusiness
Industry body warns against change to housing GST

A proposed increase to the GST on new housing will reduce affordability and cost jobs, the Housing Industry Association (HIA) has warned.

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Negative gearing changes ‘disastrous’ for Queensland

The Real Estate Institute of Queensland (REIQ) has warned that the state would be hit hardest if Labor’s controversial new negative gearing limits were introduced, with many towns that are ...

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Rabobank names new wholesale banking exec

Rabobank Australia and New Zealand has appointed a new group executive for wholesale banking.

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Middle-ring suburbs focus of Sydney apartment boom

Increasing affordability pressures are continuing to drive the off-the-plan apartment boom in Sydney, with an increasing number of new approvals located outside of the inner city.

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‘Plead guilty’ to rate rigging, ASIC warns banks

ASIC chairman Greg Medcraft has vowed to use his $80 million “war chest” to pursue the manipulation of the bank bill swap rate (BBSW) through the court system.

mortgagebusiness
Big four's home loan satisfaction rises

The level of satisfaction among the major banks’ home loan customers improved in December, according to a survey conducted by Roy Morgan Research.

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Bank boss calls out 'irrational' mortgage pricing

The managing director of one of Australia’s largest lenders has spoken out about how local mortgage providers behaved in the lead-up to increased regulation.

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