Economy

Countdown to potential financial sector reforms
17 November 2014
mortgagebusiness

David Murray has revealed that he will soon provide an update about the Financial System Inquiry.

Mortgage demand sluggish in September
14 November 2014
mortgagebusiness

Demand for home loans remained relatively flat for the second consecutive month, new data from the Australian Bureau of Statistics has revealed.

Non-major to sell mortgage portfolio
14 November 2014
mortgagebusiness

Australia’s fifth-biggest lender is looking to offload its non-branded mortgages.

Major bank head steps down
13 November 2014
mortgagebusiness

The chief executive of one of Australia's big four banks has announced they will retire on 1 February 2015.

Building and job numbers remain weak
13 November 2014
mortgagebusiness

Employment and home building figures from the Australian Bureau of Statistics have failed to shed positive light on the state of the economy.

House prices continue to moderate
13 November 2014
mortgagebusiness

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

Bank reveals new rates and commission structure
13 November 2014
mortgagebusiness

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

Major broker expands WA footprint
13 November 2014
mortgagebusiness

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

Rates to rise on investor loans
13 November 2014
mortgagebusiness

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.

RBA jawboning fails to deter investors
12 November 2014
mortgagebusiness

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