Economy

Non-bank founder passes
17 November 2014
mortgagebusiness

The board of directors and employees of an ASX-listed lender have noted with great sadness the passing over the weekend of their chairman.

Don’t blame overseas investors, says major bank
17 November 2014
mortgagebusiness

NAB has dismissed the widespread belief that foreign investors are driving up property prices in the local market.

Investor market continues to thrive
17 November 2014
mortgagebusiness

Record-low rates and rising home values are continuing to draw investors into the market, according to RP Data.

Chinese credit boom to hit Australia hard: S&P
17 November 2014
mortgagebusiness

A severe downturn in the Chinese economy will cause ripple effects across the Asia Pacific region, with Australia to come off worst.

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.