Economy

Bank app to simplify house hunting
7 August 2015
mortgagebusiness

A new app designed by a non-major bank aims to reduce the amount of time and money consumers spend searching for a home.

Banks tighten screws, but investors still buying
6 August 2015
mortgagebusiness

The head of one lender has described APRA’s continued efforts to reduce investor lending as “ineffectual”, suggesting the moves are satiating short-term political will rather than developing ...

‘Stable’ outlook for Australia’s banks
6 August 2015
mortgagebusiness

The outlook for Australia’s banking system is “stable” despite an increasingly challenging operating environment, according to a leading credit ratings agency.

Economist extends cash rate forecast
5 August 2015
mortgagebusiness

One industry economist has changed his forecast that the Reserve Bank will reduce the cash rate to 1.5 per cent by the end of the year, but is sticking by his call on the Australian ...

Conditions and confidence rise among SMEs
5 August 2015
mortgagebusiness

A prominent business survey has reported an increase in both business conditions and confidence in the SME market, rising by two points overall in the June quarter.

RBA ends suspense with interest rate announcement
4 August 2015
mortgagebusiness

The Reserve Bank of Australia has delivered the result of its monthly board meeting.

RBA interest rate decision stuns market
4 August 2015
mortgagebusiness

The Reserve Bank of Australia has delivered the result of its monthly board meeting.

Big banks must raise $20bn to meet APRA recommendation
4 August 2015
mortgagebusiness

The major banks need to raise an extra $20 billion over the next three years in order to convince APRA that their capital levels are “unquestionably strong”, according to Morningstar.

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.