Economy

Mortgage competition ‘intense’ as discounting continues
24 February 2016
mortgagebusiness

A non-major lender has commented on the fierce competition for owner-occupied home loans as it looks to ramp up its distribution through brokers and financial planners.

Report shines light on unethical bank behaviour
24 February 2016
mortgagebusiness

A new study has provided evidence of unethical behaviour among the big four banks.

COBA calls on govt to support mutuals
24 February 2016
mortgagebusiness

The Customer Owned Banking Association (COBA) has called for tax changes in the federal budget to spark innovation, promote greater competition and deliver more consumer choice in the retail ...

Bendigo Bank to combat climate change
24 February 2016
mortgagebusiness

Bendigo Bank has announced a new partnership to help raise awareness on climate change.

More Chinese borrowers seeking non-banks
23 February 2016
mortgagebusiness

An increasing number of Chinese property investors are turning to Australian non-bank lenders to fund their acquisitions and projects in the wake of foreign investment crackdowns.

Association warns against changes to housing tax
23 February 2016
mortgagebusiness

The Labor Party’s plan to halve the capital gains tax (CGT) discount on investment properties will not fix the nation’s housing affordability and supply problems, an industry body has warned

Teachers Mutual tops industry for customer service
23 February 2016
mortgagebusiness

A mutual bank has been recognised for its superior customer service at the Roy Morgan Customer Satisfaction Awards in Melbourne.

Units drive increase in new home sales
22 February 2016
mortgagebusiness

New home sales experienced a resurgence in December 2015, following three consecutive months of decline.

Negative interest rates mean ‘unknown consequences’
22 February 2016
mortgagebusiness

Recent experiments with negative interest rates by central banks could end up doing the global economy “more harm than good”, according to a global investment management firm.

Heritage hungry for more investor loans
19 February 2016
mortgagebusiness

Heritage Bank CEO Peter Lock says the bank has “plenty of appetite to move in the investor space” following solid increases in its profit and loan book for the first half of 2015-16.