Economy

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".

Big banks ‘won’t be replaced’: Macquarie
4 March 2016
mortgagebusiness

Companies such as Apple and Google are “not interested” in entering the regulated financial services space, and the top five Australian banks will continue to dominate for decades, according ...

Confidence grows among businesses
4 March 2016
mortgagebusiness

Business confidence rose in February due to increased confidence about performance and prospects, according to Roy Morgan Research.

Dwelling approvals decline in January
4 March 2016
mortgagebusiness

Building approvals for both detached houses and multi-units weakened in the first month of 2016, according to new figures released by the Australian Bureau of Statistics (ABS).

Foreign banks hungry for Aussie mortgage market
3 March 2016
mortgagebusiness

Two high-profile industry professionals are forecasting a rise in the number of foreign banks operating in Australia.

Pepper sees record surge in mortgage originations
2 March 2016
mortgagebusiness

Pepper Group has experienced record loan originations and a 27 per cent increase in lending income over 2015.