Economy

Home loan demand plummets for owner occupiers
14 March 2016
mortgagebusiness

New figures from the Australian Bureau of Statistics show that the volume of new home loans for owner occupiers declined significantly during the first month of 2016.

Increased housing supply cooling house prices: RBA
11 March 2016
mortgagebusiness

The Reserve Bank of Australia has reaffirmed that it is continuing to monitor developments in the housing market “very closely”.

Banks display ‘resilience’ in reporting season
10 March 2016
mortgagebusiness

Negative sentiment surrounding the reporting season is “overdone”, with banks delivering solid balance sheets and capital ratios, according to Morningstar.

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.