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Economy

Confidence grows among FHBs

Confidence among first home buyers has soared to a record high this month, according to research by Genworth.

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Virgin Money reveals third-party plans

Bank of Queensland has revealed its plans for Virgin Money's return to the broker market.

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Govt urged to reform financial system immediately

Smaller banks have called for the government to act swiftly on the implementation of key recommendations presented by the Financial System Inquiry.

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Bank to begin search for new CEO

Heritage Bank will begin looking for a new leader after chief executive John Minz announced his retirement last week.

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Auction clearance rates surge in two capitals

Sydney’s auction clearance rate has exceeded 86 per cent for the first time this year, while sales have also surged in Melbourne.

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Bank CEO to retire

The CEO of a mutual Australian bank has announced his retirement.

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Banks bearish on outlook for mortgage growth

A sharp economic downturn is the biggest fear for Australia's banks and broker groups as they attempt to map the future growth of mortgage settlements.

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Promising outlook for financial services sector

A new employment report points to positive signs for NSW financial services jobs in the second quarter of 2015.

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Strong risk of oversupply as investor demand persists: RBA

The Reserve Bank of Australia has warned that strong investor demand could lead to risks of an oversupply of units in Melbourne and Brisbane.

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Industry gathers to discuss online channel

Eight financial institutions including two major banks have shared their thoughts on the opportunities available in online mortgage distribution.

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