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Economy

Tough year ahead for bank capital ratios: APRA

Australia is “not entirely the master of its destiny” when it comes to bank capital ratios, with international developments set to dominate talks between the regulator and industry, ...

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Report shows positive signs for mutuals

The Customer Owned Banking Association (COBA) has welcomed a report by professional services giant KPMG which highlights the mutual sector’s solid growth and encouraging prospects.

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Firstmac receives AAA credit ratings

Four classes of Firstmac’s prime residential mortgage-backed securities (RMBS) have been assigned AAA ratings by Standard & Poor’s (S&P).

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Default crisis looms for off-the-plan buyers

The head of a national real estate group fears that a serious default issue is on the horizon for the thousands of Australians buying off-the-plan properties.

mortgagebusiness
‘No imperative for us to raise capital’

The managing director of a regional bank says there is no need for the group to raise capital despite its decision to follow the majors in hiking variable mortgage rates.

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Non-bank partners with asset manager

A non-bank commercial mortgage provider has collaborated with Costa Asset Management in a proof of concept to employ investment capital for loans to SMEs via a proprietary loan management ...

mortgagebusiness
KPMG downplays benefits of financial services GST

Professional services giant KPMG believes that calls to broaden the GST base to financial services miss the fact that financial institutions already pay GST via input taxation.

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Fixed-rate demand falls further

Demand for fixed-rate home loans has continued to decline after hitting a four-year low in September.

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Majority of Aussies concerned about housing market downturn

More than two-thirds of Australians believe the housing market could suffer a significant correction in values, a new survey has revealed.

mortgagebusiness
RBA shrugs off bank rate hikes

Reserve Bank governor Glenn Stevens has played down the impact of the recent out-of-cycle rate hikes by the banks.

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