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Economy

‘Big call’: rates to remain stable for a decade

An Australian lender has forecast the official cash rate will not move by more than 50 basis points for the next 10 years.

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Broker recruitment strategy sees approvals surge

A national broker group has recorded a rise in home loan approvals through the first quarter of the financial year.

mortgagebusiness
One in six new properties sold to foreigners

Foreign-buyer demand for new properties increased during the third quarter, while demand for existing homes also edged higher.

mortgagebusiness
Business confidence continues to fall

Business confidence lost ground in September as the index was brought back to its lowest level in four months.

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Aussie brokers can learn from UK, says Weston

NAB’s former general manager of broker platforms reveals how UK brokers survive without trail commissions.

mortgagebusiness
JP Morgan calls on government to fund non-banks

A JP Morgan executive has labelled non-bank funding a ‘critical’ issue that urgently requires additional support.

mortgagebusiness
Credit Union appoints C-suite executive

Gateway Credit Union has appointed Lexi Airey its first-ever chief customer officer as part of an organisational transformation.

mortgagebusiness
Scrap negative gearing to curb investors: Eslake

Leading economist Saul Eslake has urged the government to grandfather negative gearing to cool the overheated investor lending market.

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Non-bank distribution channels set to change

Australian non-bank lenders are increasingly moving towards online channels and financial planners for mortgage distribution.

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ABS admits to incorrect data

The Australian Bureau of Statistics (ABS) has publicly admitted that its unemployment numbers are wrong.

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