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Economy

Housing and financial services lift CPI
28 January 2016
mortgagebusiness

The latest figures from the Australian Bureau of Statistics (ABS) have revealed a continued rise in the consumer price index (CPI) during the December 2015 quarter.

PwC flags recession risk
27 January 2016
mortgagebusiness

Professional services giant PwC has warned that Australia faces the risk of a recession in the next three years as economic headwinds increase.

NSW moves to regulate peer-to-peer economy
27 January 2016
mortgagebusiness

The New South Wales government has moved closer to implementing a "flexible" regulatory framework for the peer-to-peer economy, arguing that it will drive innovation and fuel start-ups ...

Decline in new home sales continues
27 January 2016
mortgagebusiness

Multi-units are largely to blame for a third consecutive monthly decline in new home sales, according to a new report by the Housing Industry Association (HIA).

Mortgage arrears on the rise: S&P
25 January 2016
mortgagebusiness

For the first time in six months, the portion of Australian housing loans in arrears have increased for prime and non-conforming residential mortgage-backed securities (RMBS).

Foreign investors eye new hotspot
25 January 2016
mortgagebusiness

One Australian state is about to experience a surge in foreign investment in residential real estate, according to a respected property survey.

ING Direct CEO announces retirement
22 January 2016
mortgagebusiness

The chief executive of one of Australia’s largest mortgage lenders has announced he will retire after 24 years with the bank.

Govt calls out housing affordability issues
22 January 2016
mortgagebusiness

One of the country’s most senior politicians has used a keynote speech to identify solutions to the housing affordability problem.

Real estate group scraps IPO
22 January 2016
mortgagebusiness

A multi-state group that planned to secure a backdoor listing on the ASX this month has been forced to cancel its plans.

Economist flags 'major downside risk' as housing activity peaks
21 January 2016
mortgagebusiness

As consumer confidence falls and housing activity passes its peak, one leading economist has expressed his concern for the Australian economy.