Economy

A national survey of property investors has revealed that investor demand for property shows little sign of slowing any time soon.

IOSCO chairman Greg Medcraft has called on Australian banks and RMBS issuers to recognise the “integral role” that securitisation can play in financing the real economy.

An Australian bank has revealed the arrears of its broker-originated mortgages after the prudential regulator claimed they were riskier than bank-originated loans.

Regulators and the central bank have flagged a weakening Chinese economy as a key risk to the local housing market.

APRA chairman Wayne Byres has expressed his disappointment at the Australian banks’ recovery plans in the event of a property market crash following a stress test by the regulator.

The Reserve Bank has revealed that an increasing number of owner-occupiers are opting for interest-only loans to increase repayment flexibility.

A wholesale funder has cut its variable-rate home loans by 10 basis points.

A non-bank lender has waived its annual fee and slashed rates on $250,000-tier home loans.

Australia’s largest regional lender is going after a bigger slice of the residential mortgage market with a renewed focus on third-party distribution.

The prudential regulator has warned banks that their reliance on mortgage brokers can lead to additional risk and levels of exposure beyond a lender’s risk appetite.