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Economy

FBAA welcomes end to excessive credit card charges
22 October 2015
mortgagebusiness

The Finance Brokers Association of Australia has welcomed the move made by the federal government to see the end of “card gouging”.

Govt’s FSI response: what it means for mortgages
21 October 2015
mortgagebusiness

It’s been 10 months since the FSI published its final report. Now the government has made its decision on recommendations that will reshape the Australian mortgage market.

Consumers the winners in FSI response: COBA
21 October 2015
mortgagebusiness

The Customer Owned Banking Association (COBA) has welcomed the federal government’s response to the Financial System Inquiry (FSI), labelling it “great news for consumers”.

Conditions ease in residential land market
20 October 2015
mortgagebusiness

A new report from the Housing Industry Association and CoreLogic RP Data shows there was some relief from the tight land market conditions in the June 2015 quarter.

Sydney housing supply to rise with govt sales
20 October 2015
mortgagebusiness

The NSW government will sell vacant crown land with the potential to deliver more than 100 dwellings in Sydney.

RBA sounds alarm over off-the-plan properties
19 October 2015
mortgagebusiness

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 ...

Market downturn not on the horizon: Raine & Horne
19 October 2015
mortgagebusiness

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

Business confidence improves, still below average
19 October 2015
mortgagebusiness

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.

Falling dollar to stabilise unemployment
19 October 2015
mortgagebusiness

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

Regional banks to see increase in bad debts
16 October 2015
mortgagebusiness

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