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Economy

RBA sounds alarm over off-the-plan properties

The Reserve Bank of Australia has warned that settlement risk on apartments purchased off-the-plan may have increased as a direct result of the stricter criteria that banks are now applying ...

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Market downturn not on the horizon: Raine & Horne

Forecasts that the sky is set to fall on Australia’s property market are difficult to justify, according to the real estate giant.

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Business confidence improves, still below average

Australia saw an expected boost in business confidence during September as a result of Malcolm Turnbull’s appointment as Prime Minister, according to Roy Morgan Research.

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Falling dollar to stabilise unemployment

A gradual recovery in Australia’s non-mining economy is underway, buoyed by low interest rates and a depreciating Australian dollar, says NAB.

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Regional banks to see increase in bad debts

Morningstar has warned that Australia’s regional lenders will eventually see an increase in bad debts as they take on higher-risk loans.

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Fees continue to add up for home buyers

Australians who are considering purchasing a new home may be deterred by the high costs of moving, according to new research by a short-term lender.

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‘Obsession with capital’ is wrong: bank chief

The CEO of a major bank believes the current hype over bank capital overlooks the real “hot issue” that regulators will be increasingly targeting.

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Online banking key to customer satisfaction

The rapid growth of internet banking has resulted in higher satisfaction levels among customers, according to a recent survey by Roy Morgan Research.

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Bank explains benefits of new LMI deal

A major-bank owned lender has explained the benefits of its new partnership with an offshore LMI provider after its parent company cancelled its agreement with an Australian mortgage insurer

mortgagebusiness
Financial services sees 68% rise in M&A activity

Mergers and acquisitions within the global financial services industry bounced back in the third quarter of 2015, up 68 per cent year-on-year, according to an international law firm.

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