Economy

Rural Bank chief steps down
25 March 2015
mortgagebusiness

Paul Hutchinson has resigned as CEO and managing director of Bendigo and Adelaide Bank’s wholly-owned subsidiary, Rural Bank.

Branded mortgage strategy gains momentum
24 March 2015
mortgagebusiness

Australia’s fifth biggest lender has seen strong growth in its home loans after offloading billion dollar tranches of its non-branded mortgage assets over the last 12 months.

RBA stability review expected to flag housing concerns
24 March 2015
mortgagebusiness

The Reserve Bank of Australia’s six-monthly Financial Stability Review is expected to highlight again the risks in the household sector associated with rapid house price gains, according to ...

Opposition condemns Hockey's super scheme
24 March 2015
mortgagebusiness

The federal opposition and a key business group have joined a growing number of critics of a government proposal to let young homebuyers access their superannuation.

Coastal city benefitting from Sydney investor rush
24 March 2015
mortgagebusiness

Generous yields, affordable commercial real estate and changing perceptions about its economic outlook are helping Wollongong attract Sydney investors.

Economic conditions put big banks at risk
23 March 2015
mortgagebusiness

Australia's major lenders face a potential 'blowout in bad debts' if funding costs are to significantly increase, according to Morningstar.

Boutique fund manager awarded $50 million mandate
23 March 2015
mortgagebusiness

One of Australia’s fastest-growing boutique fixed-income fund managers has been awarded a $50 million institutional mandate and a five-star Morningstar rating.

Mortgage group tips rate cut
23 March 2015
mortgagebusiness

The Reserve Bank is set to lower the official cash rate in the coming months, according to industry veteran John Kolenda.

Industry veteran to lead Deloitte Sydney office
23 March 2015
mortgagebusiness

Deloitte Access Economics has appointed Dennis Krallis as manager of its largest Sydney office.

Bank’s credit rating under review
20 March 2015
mortgagebusiness

Moody’s Investor Service has placed a listed Australian bank on review for a possible credit rating downgrade.