Economy

Brokers and planners write one in three reverse mortgages
7 September 2015
mortgagebusiness

A new report from Deloitte has found that banks continue to write the bulk of business in Australia’s $3.7 billion reverse mortgage market.

ING Direct identifies female referral trend
7 September 2015
mortgagebusiness

A new report from ING Direct has revealed that referrals play a significant role in women's financial decision-making.

More Australians favour digital banking
7 September 2015
mortgagebusiness

The number of Australians undertaking “mobile-only banking" has tripled in just three years, according to Roy Morgan Research.

Plummeting dollar won't stop further rate cuts: economist
4 September 2015
mortgagebusiness

AMP Capital’s Shane Oliver says the “tenuous nature of growth” in the Australian economy will force the central bank to continue cutting rates.

Prospa raises $60 million in capital
4 September 2015
mortgagebusiness

Australian online lender Prospa has secured $60 million in capital to expand its SME finance offering.

Make housing ‘fourth pillar’ of retirement: CEDA
3 September 2015
mortgagebusiness

Radical reforms including pre-tax mortgage payments have been proposed by the Committee for Economic Development in Australia (CEDA) to improve the sustainability of Australia’s retirement ...

Gadens cautious on SMSF loans
3 September 2015
mortgagebusiness

While the government has yet to issue a formal response to the Financial System Inquiry, a partner in one major Asia Pacific law firm believes changes are on the horizon for SMSF borrowing ...

Genworth appoints new C-suite exec
3 September 2015
mortgagebusiness

Genworth Australia has announced the appointment of Andrew Cormack to the role of chief risk officer (CRO).

Banking industry welcomes deposit tax decision
3 September 2015
mortgagebusiness

A big four bank and two industry associations are rejoicing following the federal government’s decision to scrap the deposit tax.

‘We will take new territory from the banks’, says Bouris
2 September 2015
mortgagebusiness

Yellow Brick Road executive chairman Mark Bouris says the group is well positioned to grab a bigger slice of the Australian mortgage market.