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Economy

AMP to buy stake in China pension fund
3 November 2014
mortgagebusiness

AMP Limited has revealed plans to create a “strategic foothold” in China’s growing enterprise annuity market, announcing it will acquire a stake in China Life Pension Company Limited

Apartment sales surge in September
31 October 2014
mortgagebusiness

The sale of high-rise or multi-unit dwellings jumped 11 per cent over September, according to the HIA.

Banks blamed for low-doc’s bad rap
31 October 2014
mortgagebusiness

A key figure in the non-bank lending space has accused the banks of tarnishing the reputation of low-doc loan providers.

Rates to remain steady
31 October 2014
mortgagebusiness

Australia's biggest Reserve Bank Survey shows no change expected to the cash rate on Tuesday, but borrowers can expect rates to rise next year followed by a downward cycle as soon as 2017.

RBA points to housing downturns
30 October 2014
mortgagebusiness

The Reserve Bank has pointed to recent downturns in the Australian property market as evidence that rising house prices cannot continue forever.

BOQ raises $600 million through five-year funding transaction
30 October 2014
mortgagebusiness

Bank of Queensland (BOQ) has priced a new five-year funding transaction, raising $600 million through the issue of $425 million five-year floating rate notes and $125 million five-year fixed ...

Home insurance is ‘vital’: ASIC
29 October 2014
mortgagebusiness

The corporate watchdog has released two reports exploring consumer experiences with the sale of home building insurance.

Specialist loans no more complex than ‘vanilla’ loans
29 October 2014
mortgagebusiness

A leading technology service provider says the common belief that specialist loans are more complex than vanilla home loans is incorrect.

China breaks into broking
29 October 2014
mortgagebusiness

The Bank of China’s entry into the third-party space is just the tip of the iceberg.

Adelaide Bank slashes rates
28 October 2014
mortgagebusiness

Adelaide Bank has unveiled its latest rate reduction for two variable interest rate low-doc home loan products.