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Economy

Regional bank records 70/30 rates split

Bendigo and Adelaide Bank has seen the proportion of its variable home loans drop and the number of fixed-rate loans increase in the 12 months to June 30.

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Mortgage demand still strong

Demand for housing finance ended the 2013/2014 financial year positively with a moderate improvement over the month of June.

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Rate war spurs further discounts

Historically low rates and a competitive lending environment are allowing brokers to negotiate even better deals for their clients.

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Younger Aussies struggling with debt

New research has found that Gen Y is holding an increasing amount of non-mortgage related debt.

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Brokers to profit from Asian migrants

A migration law firm will target local mortgage brokers as it opens offices across south east Asia, pursuing wealthy Asian clients looking to purchase property in Australia.

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Cheap funding may have hit its limit

Cheap funding is fuelling record-low mortgage rates, but the discounts may have reached their lowest levels.

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RBA rate announcement

The Reserve Bank of Australia has today announced the outcome of its board meeting.

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New bank to enter broker channel

The Australian mortgage market is set for a fresh boost of competition as a new lender gears up to launch its third-party offering later in the year.

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LVRs creep up in July

The average loan to value ratio of broker-originated loans increased over July.

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Fixed rates expected to woo borrowers

Demand for fixed rate home loans dropped marginally over July but an onslaught of rate cuts is expected to boost demand in August.

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