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Economy

Red tape squeezing FHBs out of market: HIA

An economist has argued that increasing red tape in lending has forced FHBs out of home ownership.

Red tape squeezing FHBs out of market: HIA
Inner city rental stock unnerved by border closures

A steep rise in rental stock in certain pockets of Sydney and Melbourne has exposed the pain points that have come with the COVID-19 downturn, research has shown.

Inner city rental stock unnerved by border closures
AMP Bank earnings sink 30%

Residential mortgage and deposit growth have offset a COVID-related hit to the non-major bank’s earnings.

AMP Bank earnings sink 30%
Pepper prices $1bn RMBS

The non-bank has successfully priced its PRS 27 transaction, issuing $1 billion worth of bonds backed by Australian mortgages.

Pepper prices $1bn RMBS
Unemployment ticks up despite jobs boost

The unemployment rate has continued to head north, despite over 100,000 Australians returning to work over the month of July.

Unemployment ticks up despite jobs boost
Former Queensland firm sued for unlicensed credit activity

ASIC has commenced civil penalty proceedings against a former equipment funder, which allegedly engaged in unlicensed credit activity.

Former Queensland firm sued for unlicensed credit activity
HomeBuilder ‘arrests’ home sales decline

The HomeBuilder package has halted the decline in new home sales, reversing a downward trend in the three months to May, according to new data.

HomeBuilder ‘arrests’ home sales decline
‘Wagyu and shiraz’ case costs taxpayers millions

ASIC has disclosed the preliminary litigation costs linked to its responsible lending case against Westpac.

‘Wagyu and shiraz’ case costs taxpayers millions
Government policy widening affordable housing gap

Housing tax incentives and monetary and prudential policy settings have curtailed efforts to “arrest the slide” in social and affordable housing supply, according to findings from a new ...

Governments slammed for affordable housing gap
Business confidence plummets, conditions improve

Business confidence has tumbled, a trend evident prior to the stage 4 restrictions in Melbourne, highlighting the need for ongoing support for businesses.

Business confidence plummets, conditions improve
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