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Economy

Sydney land release could spell disaster for investors
29 September 2015
mortgagebusiness

New land releases in a capital city’s fringe, aimed at reducing housing undersupply and affordability issues, could hurt investors in the region.

Major banks offer best value low-docs: Canstar
29 September 2015
mortgagebusiness

A new report by Canstar has found that two of the big four banks offer the best value low-doc loan products in a market that has traditionally been the speciality of non-bank lenders.

AMP appoints new director
29 September 2015
mortgagebusiness

AMP Limited has announced the appointment of Holly Kramer as a non-executive director of its board.

ARCA broadens representation with RateSetter
28 September 2015
mortgagebusiness

The Australian Retail Credit Association (ARCA) has welcomed peer-to-peer lender RateSetter as its newest member.

S&P lowers rating for class B notes on trusts
28 September 2015
mortgagebusiness

Last week S&P Global Ratings announced that it lowered its ratings on class B notes in Interstar Millennium Series residential mortgage-backed securities (RMBS) transactions, while as ...

Australian financial services at a 'critical moment': Deloitte
25 September 2015
mortgagebusiness

The World Economic Forum and Deloitte have identified 11 clusters of innovation that are transforming the structure, provision and consumption of financial services.

Real estate boss urges government to cut stamp duty
25 September 2015
mortgagebusiness

An Australian real estate identity is urging the Victorian government to introduce stamp duty tax breaks for home owners aged over 70 due to the problems stamp duty creates for those wishing ...

Macquarie chairman steps down
24 September 2015
mortgagebusiness

The chairman of one of Australia’s biggest challenger banks has today announced his retirement, with the group revealing his successor as well.

Mutuals face uncertain future in a complex mortgage market
24 September 2015
mortgagebusiness

Moody’s Investors Service says Australian mutual lenders will be under increased pressure to consolidate as slowing economic growth and regulatory changes weigh on Australia’s smaller banks

Big four losing competitive streak on variable rates
24 September 2015
mortgagebusiness

The gap between the average variable home loan rate of the major banks and the lowest offer on the market has widened considerably since September 2014, according to a comparison website.