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Economy

No change expected for RBA rate decision
4 August 2015
mortgagebusiness

The Reserve Bank is expected to keep the cash rate on hold at 2.00 per cent at today’s monthly board meeting.

Housing boom continues in Sydney and Melbourne
4 August 2015
mortgagebusiness

Property prices are growing faster than ever in Sydney and Melbourne, raising fresh questions of when capital gains will peak.

ME receives Aaa credit rating for RMBS deal
3 August 2015
mortgagebusiness

Industry super fund-owned bank ME has been assigned an Aaa credit rating for its first transaction of residential mortgage-backed securities in 2015.

Sydney posts record year of office investment
3 August 2015
mortgagebusiness

Strong demand for commercial property in Sydney’s CBD continues, with the harbourside capital posting record year-on-year growth.

Real estate giant predicts non-bank growth across APAC
31 July 2015
mortgagebusiness

Non-bank lending is set to expand across the Asia-Pacific region, with increasing opportunities for Australia, according to a new report by real estate group CBRE.

NAB completes US bank divestment
31 July 2015
mortgagebusiness

NAB has finalised the full divestment of US-listed Great Western Bank (GWB) following the sale of its final 28.5 per cent stake.

Big banks back industry ethics program
30 July 2015
mortgagebusiness

AMP, Macquarie Bank, ANZ, Commonwealth Bank and BT Financial Group have funded an ethics literacy program in an effort to improve the ethical foundation of financial advice in Australia.

AMP Capital appoints new managing director
29 July 2015
mortgagebusiness

AMP Capital has announced the appointment of Adam Tindall as its new managing director, following the impending retirement of Stephen Dunne.

Aussie achieves new settlement record
28 July 2015
mortgagebusiness

Australia’s largest broking group has posted a record-breaking year in settlements during 2014-15, with its retail channel passing the $1 billion mark in June alone.

Australian financial services firms ‘unprepared’ for FATCA
28 July 2015
mortgagebusiness

A litigation suit has been filed against the US federal government arguing the Foreign Account Tax Compliance Act (FATCA) is “unconstitutional” and violates privacy rights, with implications ...