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Economy

Smaller banks show strong appetite for investor loans

APRA banking figures for October show that investor loans account for more than half of all mortgages for HSBC Australia and Bank of Sydney. HSBC, which left the broker channel in 2006 ...

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Australia’s Budget boom ending: Deloitte

The glory days of Australia’s Budget boom have passed as the outlook is bleak for the economy.

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RBA rate announcement

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

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Fixed-rate demand skyrockets

The number of borrowers who choose a fixed rate for their home loan has hit a nine-month high.

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Scrapping negative gearing would cause rent hikes

One of Australia’s leading accounting and wealth advisory groups has argued that abolishing negative gearing would cause rent prices to rise significantly.

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CUA tells of close relationship with key distributor

Credit Union Australia has revealed details of its relationship with a leading national mortgage group that has boosted the lender’s loan book.

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Cheaper homes increasingly scarce

The number of properties under $400,000 is diminishing as capital city dwelling values rise.

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Credit union on top for customer satisfaction

Gateway Credit Union has revealed that almost all of its customers are satisfied with its products and service.

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Bank calls for urgent mortgage reform

The head of an Australian regional bank has stressed that the mortgage market is in urgent need of reform if Australians are to benefit from competition.

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Foreign investment financing under investigation

A parliamentary inquiry into foreign investment in Australian residential property has raised concerns over the sources of financing used by some foreign nationals.

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