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Economy

Bank slashes mortgage rates
19 April 2016
mortgagebusiness

A non-major lender has cut one of its home loan rates for owner-occupiers.

Major real estate markets to 'slow dramatically'
19 April 2016
mortgagebusiness

A new report has predicted that house price growth will slow dramatically in two capital cities over the next few years, putting significant pressure on struggling home owners.

FHBs continue to lose confidence
19 April 2016
mortgagebusiness

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.

New land tax 'not politically feasible'
19 April 2016
mortgagebusiness

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 ...

Royal commission won’t change major banks: COBA
18 April 2016
mortgagebusiness

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”.

Business conditions hit eight-year high
18 April 2016
mortgagebusiness

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

Bendigo and Adelaide Bank admits to mortgage distribution flaws
15 April 2016
mortgagebusiness

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

HSBC names Australia’s global banking head
15 April 2016
mortgagebusiness

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

Resimac receives top ratings for prime RMBS
15 April 2016
mortgagebusiness

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

Mortgage fund makes billion-dollar breakthrough
14 April 2016
mortgagebusiness

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.