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Economy

Gail Kelly nominated for top CEO award
5 December 2014
mortgagebusiness

Outgoing Westpac chief executive Gail Kelly has been nominated for Morningstar’s 2014 CEO of the Year award.

FHBs prefer renting over a mortgage
4 December 2014
mortgagebusiness

More Australians have given up on buying property, with triple the number of first home buyers preferring to rent than commit to a mortgage.

Housing affordability down despite quarterly rise
4 December 2014
mortgagebusiness

Property is becoming less affordable for Australians, according to a report by Adelaide Bank and the Real Estate Institute of Australia.

FHB attitudes change
3 December 2014
mortgagebusiness

The longer that Generation Ys stay living at home, the less likely they will want to leave, according to research by RaboDirect.

Smaller banks show strong appetite for investor loans
3 December 2014
mortgagebusiness

APRA banking figures for October show that investor loans account for more than half of all mortgages for HSBC Australia and Bank of Sydney. HSBC, which left the broker channel in 2006 ...

Australia’s Budget boom ending: Deloitte
3 December 2014
mortgagebusiness

The glory days of Australia’s Budget boom have passed as the outlook is bleak for the economy.

RBA rate announcement
2 December 2014
mortgagebusiness

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

Fixed-rate demand skyrockets
2 December 2014
mortgagebusiness

The number of borrowers who choose a fixed rate for their home loan has hit a nine-month high.

Scrapping negative gearing would cause rent hikes
2 December 2014
mortgagebusiness

One of Australia’s leading accounting and wealth advisory groups has argued that abolishing negative gearing would cause rent prices to rise significantly.

CUA tells of close relationship with key distributor
1 December 2014
mortgagebusiness

Credit Union Australia has revealed details of its relationship with a leading national mortgage group that has boosted the lender’s loan book.