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Economy

Almost 1 in 10 loans would fail underwriting standards: report

A new report examining the impact of regulatory changes on the Australian mortgage market has concluded that nine per cent of home loans written so far this year would now fail current ...

mortgagebusiness
Sydney auction market shows signs of weakening

Sydney’s auction clearance rate has declined for the third straight weekend and finished behind Melbourne for the fourth consecutive time.

mortgagebusiness
Heritage's profit slides despite surge in loan approvals

A listed Australian bank has recorded strong loan growth over the year to 30 June but an ongoing investment spend on new technology has resulted in a fall in pre-tax profits.

mortgagebusiness
Goldfields Money appoints acting CEO

WA-based lender Goldfields Money has announced the appointment of Michael Verkuylen as its acting CEO following the termination of David Holden last week.

mortgagebusiness
SMEs still in the dark about credit scores

Nine out of 10 small- and medium-sized enterprises (SMEs) are unaware of their credit score, a recent survey has revealed.

mortgagebusiness
Colliers unveils new corporate offering

Colliers International has launched a new offering for corporate occupiers who require high-performance workplaces to increase productivity.

mortgagebusiness
Increased supply of housing 'has to be the answer': RBA

Reserve Bank governor Glenn Stevens has spoken out about the seriousness of housing affordability and suggested how the nation can better accommodate future generations of home buyers.

mortgagebusiness
Personal banking customers flock to NAB

With Australia’s big four banks enjoying an increase of just over one million in their number of personal customers in the four years to July 2015, one of the majors has clearly dominated ...

mortgagebusiness
Business leader spruiks dangers of the status quo

The former leader of one of Australia’s most recognisable retail chains has said that Australia is a victim of its own success, as 25 years of continuous economic growth have put the brakes ...

mortgagebusiness
Data points to more rate cuts, says Cigna

Underwhelming housing finance data and a drop in consumer confidence stress the need for the Reserve Bank to lower the official cash rate, according to one wealth group.

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