Economy

Rising unemployment a ‘key concern’ for mortgage defaults
5 March 2015
mortgagebusiness

Standard & Poor’s has warned that a substantial increase in unemployment and associated decrease in disposable income is a ‘key concern’ that could worsen mortgage arrears and defaults

Hong Kong tightens mortgage rules
5 March 2015
mortgagebusiness

The Hong Kong Monetary Authority (HKMA) has issued fresh guidelines to banks on a new round of home lending supervisory measures to strengthen banks’ risk management and resilience.

Unit approvals soar in January
5 March 2015
mortgagebusiness

New data on housing approvals has revealed the changing nature of Australia’s real estate market.

'Further rate cuts won’t encourage buyers'
4 March 2015
mortgagebusiness

Mortgage Choice chief executive Michael Russell claims we will soon reach a point at which further rate cuts will fail to stimulate demand for property.

RBA rate announcement
3 March 2015
mortgagebusiness

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

RBA rate announcement march cut
3 March 2015
mortgagebusiness

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

RBA to cut cash rate today
3 March 2015
mortgagebusiness

One major bank's chief economist is confident the RBA will lower the official cash rate later today after he correctly forecast a rate cut last month.

Foreign buyer fee won’t curb demand
3 March 2015
mortgagebusiness

A Melbourne buyer’s agent believes a federal government proposal to charge foreign buyers an application fee each time they buy property in Australia will not tackle the ‘seismic’ changes in ...

Business confidence hits two-year low
3 March 2015
mortgagebusiness

NAB’s ASX300 business survey for the fourth quarter of 2014 found confidence levels fell to their "weakest" point since 2012, falling 13 points to -3.

Momentum builds for back-to-back rate cuts
2 March 2015
mortgagebusiness

The property market might be about to get another shot in the arm, with a substantial number of economists forecasting a rate cut tomorrow.