Economy

Tax ruling change could have ‘adverse’ impact on SMSF borrowing
10 March 2016
mortgagebusiness

With a tax ruling in the works to assist taxpayers in understanding the terms “alteration, extension or improvement” of a property, one industry lawyer is lobbying the ATO to be wary of the ...

Rising home loans to blame for declining affordability: REIA
10 March 2016
mortgagebusiness

New data has revealed a national decline in housing affordability over the December 2015 quarter.

Borrowers on ‘a collision course’ with banks: report
9 March 2016
mortgagebusiness

A study of more than 3,000 potential mortgage customers has found an alarming number of people are opting for bigger loans with smaller deposits.

Negative gearing changes 'blatantly inequitable', says accountant
9 March 2016
mortgagebusiness

The chief executive of a national accounting group has offered his insights into the potential impacts of negative gearing changes.

Industry heavyweight calls for relaxed SMSF borrowing rules
8 March 2016
mortgagebusiness

The founder of one of Australia’s largest property groups wants SMSF lending rules to be the same as they are for regular purchasers.

Detached houses help lift new home sales
8 March 2016
mortgagebusiness

It will be a healthy year ahead for new home sales, according to the Housing Industry Association (HIA).

Major bank will ‘vigorously defend’ ASIC allegations
7 March 2016
mortgagebusiness

One of Australia’s largest lenders has rejected allegations regarding bank trading and the bank bill swap rate (BBSW) levelled by the corporate regulator.

Negative gearing changes could see values slide by 6%
7 March 2016
mortgagebusiness

A new report has suggested that changes to negative gearing policy could push rents up dramatically, while simultaneously putting a dampener on property values, new building construction and ...

AMP reveals board changes
7 March 2016
mortgagebusiness

Financial services company AMP has announced several changes to its board of directors.

ASIC takes major bank to court 
4 March 2016
mortgagebusiness

The corporate regulator has begun legal proceedings against a major lender for "unconscionable conduct and market manipulation".