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Economy

Gen Y more active investors than baby boomers

Brokers might be surprised to learn just how many younger Australians are active in the property market.

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Banks failing on climate risk

Global banks are failing to implement strategic and long-term approaches to climate risk, raising concerns about the financial sector’s ability to support a move to a low-carbon economy, ...

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Non-major lifts variable rates

One of Australia's non-major banks has announced it will increase its variable mortgage rates.

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Westpac to refund customers over unwanted mortgage insurance

Following ASIC surveillance, Westpac will write to more than 10,600 insurance customers and offer to refund any premiums paid for insurance cover they did not need.

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Investor demand to weaken in 2016: QBE

QBE has outlined the impact that investor demand will have on Australian residential property markets over the next 12 months.

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Credit union recognised for best home loans

A Queensland-based credit union has won top honours for its home loan products as part of Mozo’s People’s Choice Banking Awards.

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Pepper assigned AAA credit ratings

Three classes of Pepper's non-conforming residential mortgage-backed securities (RMBS) have been assigned AAA ratings by Standard & Poor’s (S&P).

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New mortgages players to change pricing dynamics: Veda

The mortgage market could soon welcome new lenders offering an alternative to the major banks by using credit scores to provide risk-based pricing on home loans.

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FSI to boost bank stability: ME

The federal government’s response to the Financial System Inquiry will improve stability across the nation’s banking system, according to industry super fund-owned bank ME.

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Residential markets plunge in mining towns

Property prices in Australia’s regional resource hubs have dropped by up to 74 per cent over the past three years, new research has revealed.

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