Economy

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.

Govt warned that real estate reforms could prove costly
27 February 2015
mortgagebusiness

The federal government has been accused of solving a problem that doesn’t exist after announcing a crackdown on foreign buyers.

Andronicos confident of Firstfolio turnaround
27 February 2015
mortgagebusiness

Firstfolio’s new chief executive is confident that the troubled mortgage group is beginning to see the benefits of restructuring.

FHB share jumps 2.2 percentage points
27 February 2015
mortgagebusiness

New data has revealed a big increase in new buyers in 2014, suggesting the first home buyer problem may be less concerning than once thought.

Record amount of housing entering market
27 February 2015
mortgagebusiness

Australia is set to build a record number of homes this financial year – and almost 35 per cent more than three years earlier.

Small banks ask govt to invest $3m in reforms
27 February 2015
mortgagebusiness

The Customer Owned Banking Association has called for funding to be allocated in the May federal Budget to implement recommendations from the Financial System Inquiry.

PM threatens imprisonment in foreign buyer crackdown
26 February 2015
mortgagebusiness

Tony Abbott has outlined a range of new fees and penalties that would make life harder for foreign real estate investors.

Acquisition to boost branded loans for non-bank
26 February 2015
mortgagebusiness

One of Australia’s largest non-bank lenders has recorded a surge in branded home loan settlements over the six months to 31 December 2014.

Accountants call for loan guarantee scheme
25 February 2015
mortgagebusiness

The Institute of Public Accountants (IPA) is urging the federal government to introduce a state-backed loan guarantee scheme for small business.