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Economy

Financial services vital to economic prosperity
12 February 2016
mortgagebusiness

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

Rate hikes rapidly changing borrower attitudes
11 February 2016
mortgagebusiness

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

Negative gearing ‘a positive force’ for the economy
11 February 2016
mortgagebusiness

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

Building approvals remain strong
11 February 2016
mortgagebusiness

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

BOQ to shed $15m in ‘fine-tuning’ operations
10 February 2016
mortgagebusiness

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 ...

KPMG issues M&A predictions
10 February 2016
mortgagebusiness

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

Heritage appoints new operations chief
9 February 2016
mortgagebusiness

Heritage Bank has announced the appointment of a new head of banking operations as part of its ongoing growth strategy.

Fall in business confidence continues
9 February 2016
mortgagebusiness

Business confidence has declined for a third consecutive month, but it remains above the level prior to Malcolm Turnbull’s appointment as prime minister.

Offshore investors to target Canberra
9 February 2016
mortgagebusiness

The commercial property market of Australia’s capital city is expected to attract a growing number of offshore investors this year, according to one property group.

Owner-occupied rates drop 30 basis points
8 February 2016
mortgagebusiness

The Reserve Bank of Australia has provided an analysis of pricing and policy changes in the Australian mortgage market in its latest update.