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Economy

Chinese mortgage demand spikes

An increasing number of Chinese and overseas buyers are choosing to finance properties rather than pay cash. 

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Major bank warned over misleading mortgage ads

A major lender has come under fire from ASIC for incorrectly claiming to have the lowest standard variable rate.

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Industry divided on convergence: poll

Only 29 per cent of Mortgage Business readers believe mortgage brokers can also be financial planners.

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ABA supports financial planner register

The Australian Bankers’ Association (ABA) has welcomed the announcement of an industry-wide public register of financial advisers by Mathias Cormann, minister for finance.

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RBA already using macroprudential tools: Narev

CBA chief executive Ian Narev says the Reserve Bank is already exercising macropudential tools by talking about housing risks – and people are taking notice.

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Australians undecided on selling family home to fund retirement

A new report by MLC has found that only 11 per cent of Australians plan to sell the family home to fund retirement.

mortgagebusiness
Wealthier borrowers turn to brokers

The banks are missing a massive opportunity by not financing self-employed business owners, who are increasingly turning to the third-party channel.

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Firstfolio appoints new CEO

Listed mortgage group Firstfolio Limited has announced the appointment of a new chief executive officer.

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Top broker slams Keating, calls for foreign investment figures

An elite business writer and financial planner has rejected comments made by former prime minister Paul Keating that SMSF borrowing is the prime suspect behind the Reserve Bank’s investor ...

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Mortgages getting riskier: RBA

The Reserve Bank has warned lenders and borrowers to “be careful” as home loans become riskier.

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