Economy

‘No imperative for us to raise capital’
11 November 2015
mortgagebusiness

The managing director of a regional bank says there is no need for the group to raise capital despite its decision to follow the majors in hiking variable mortgage rates.

Non-bank partners with asset manager
11 November 2015
mortgagebusiness

A non-bank commercial mortgage provider has collaborated with Costa Asset Management in a proof of concept to employ investment capital for loans to SMEs via a proprietary loan management ...

KPMG downplays benefits of financial services GST
11 November 2015
mortgagebusiness

Professional services giant KPMG believes that calls to broaden the GST base to financial services miss the fact that financial institutions already pay GST via input taxation.

Fixed-rate demand falls further
10 November 2015
mortgagebusiness

Demand for fixed-rate home loans has continued to decline after hitting a four-year low in September.

Majority of Aussies concerned about housing market downturn
10 November 2015
mortgagebusiness

More than two-thirds of Australians believe the housing market could suffer a significant correction in values, a new survey has revealed.

RBA shrugs off bank rate hikes
9 November 2015
mortgagebusiness

Reserve Bank governor Glenn Stevens has played down the impact of the recent out-of-cycle rate hikes by the banks.

Big challenges ahead for major banks: KPMG
9 November 2015
mortgagebusiness

A confluence of factors will combine to create a tough backdrop for major bank boards and senior management teams over the coming years, according to professional services giant KPMG.

Negative gearing myths busted in new report
9 November 2015
mortgagebusiness

The Property Council of Australia says it welcomes the findings of a new report that negative gearing is neither “evil”, “a loophole in the tax system” nor the “key culprit” impacting house ...

Chinese economy fears erode CFO confidence
9 November 2015
mortgagebusiness

A Deloitte survey has found that China’s economy is now a clear source of concern for Australian chief financial officers.

Younger Australians set to switch banks
6 November 2015
mortgagebusiness

New research has revealed younger Australians are likely to switch banks over the next 12 months.