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Economy

Home loan demand surges

Demand for mortgages hit an eight-year high in December, according to new figures released by the Australian Bureau of Statistics.

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Actuaries Institute names new president

The Actuaries Institute has announced the appointment of its new president as it looks to increase its influence in banking and housing wealth.

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SEQUAL appoints new chair

The peak industry body for providers of equity release products for older Australians has announced the appointment of a new chairman.

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Melbourne broker banned for four years

ASIC has banned a Melbourne mortgage broker for four years from engaging in any credit activities.

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Financial services vital to economic prosperity

A healthy financial sector is a key driver of Australia’s economic prosperity, according to a new report by one industry association.

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Rate hikes rapidly changing borrower attitudes

A new report from CUA has revealed the impact of out of cycle rate hikes on Australian mortgage holders.

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Negative gearing ‘a positive force’ for the economy

The Housing Industry Association (HIA) has expressed concern at reports of potential changes to negative gearing, as the federal government investigates tax reform options other than the GST

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Building approvals remain strong

The number of building approvals exceeded 230,000 last year, allowing for a strong finish to 2015.

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BOQ to shed $15m in ‘fine-tuning’ operations

Bank of Queensland (BOQ) has announced it is likely to take a $15 million cash earnings hit over the course of 2015-16 in an attempt to reshape its organisational structure and match BOQ ...

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KPMG issues M&A predictions

Professional services giant KPMG has delivered its predictions and expectations for global M&A levels in 2016.

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