Economy

The preliminary estimate of the ABS Residential Property Price Index reveals annual price growth has moderated in line with expectations.

Australia’s latest third-party lender had revealed its expansion plans into the third-party channel and detailed its competitive commission structure.

A major mortgage brokerage has launched a recruitment campaign to boost broker numbers and store franchisees in Perth and regional Western Australia.

Property investors are likely to be charged a higher interest rate than other borrowers as the prudential regulator looks to curb investor lending and rebalance the mortgage market.

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.