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Economy

Vow to benefit from back-door ASX-listing deal

Vow Financial is set to benefit from a transaction between an ASX-listed mining company and an expanding real estate group.

mortgagebusiness
Loan guarantee deemed unenforceable

Lenders are being warned about the enforceability of loan guarantees following a surprising legal result in a case before the NSW Supreme Court.

mortgagebusiness
CUA awarded first-time A3 credit rating

For the first time ever, Australia’s largest credit union has been assigned an A3 credit issuer rating, reflecting its focus on low-risk residential mortgages and mutual ownership structure

mortgagebusiness
Bibby announces 50pc funding increase

Debtor finance specialist Bibby Financial Services has increased its maximum funding limit on progress claim finance to $1.5 million.

mortgagebusiness
Mutuals topple big four in consumer satisfaction

Consumer satisfaction has improved across the big four banks but remains behind the mutual sector, according to Roy Morgan Research.

mortgagebusiness
Sydney boom takes housing market into uncharted territory

Forget about Sydney becoming a million-dollar city – new data suggests its median house price has already passed $1.1 million.

mortgagebusiness
Prominent economist fears housing market crash

A former economic adviser to the prime minister has warned that it is increasingly likely Australia will suffer a significant housing correction.

mortgagebusiness
RBA decision leaves housing issues unaddressed

Loan Market chairman Sam White says the Reserve Bank’s decision to hold the cash rate steady at yesterday’s monthly board meeting will not lessen the concern around the Sydney market.

mortgagebusiness
ME highlights financial concerns among Australians

A lack of money discipline is preventing many Australians from achieving their financial goals, according to new research by industry super fund-owned bank ME.

mortgagebusiness
Reserve Bank makes interest rate decision

The Reserve Bank of Australia has announced the result of its monthly board meeting amid a climate of rising house prices and sluggish growth.

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