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Economy

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.

Fees continue to add up for home buyers
16 October 2015
mortgagebusiness

Australians who are considering purchasing a new home may be deterred by the high costs of moving, according to new research by a short-term lender.

‘Obsession with capital’ is wrong: bank chief
15 October 2015
mortgagebusiness

The CEO of a major bank believes the current hype over bank capital overlooks the real “hot issue” that regulators will be increasingly targeting.

Online banking key to customer satisfaction
15 October 2015
mortgagebusiness

The rapid growth of internet banking has resulted in higher satisfaction levels among customers, according to a recent survey by Roy Morgan Research.

Bank explains benefits of new LMI deal
14 October 2015
mortgagebusiness

A major-bank owned lender has explained the benefits of its new partnership with an offshore LMI provider after its parent company cancelled its agreement with an Australian mortgage insurer

Financial services sees 68% rise in M&A activity
14 October 2015
mortgagebusiness

Mergers and acquisitions within the global financial services industry bounced back in the third quarter of 2015, up 68 per cent year-on-year, according to an international law firm.

Rising investor demand fuels Melbourne’s retail market
14 October 2015
mortgagebusiness

Melbourne’s commercial property market has gained momentum over the last six months as investors increasingly target strata retail opportunities.

Economic reform must help banks support growth: ABA
13 October 2015
mortgagebusiness

The chief economist of the Australian Bankers’ Association (ABA) says the burden of government regulation and tax should be kept as low as possible to ensure banks continue to play their ...