Innovation

The global economy has avoided deflation and is growing fast enough to avoid ‘stalling’, says a global investment management firm – but growth will remain low for the next three to five ...

The latest GDP figures indicate the Australian economy is in a state of “growth and recovery”, according to an Australian fund manager.

Seasonally-adjusted GDP growth for the March quarter was 1.1 per cent, with the annual growth rate sitting at an impressive 3.1 per cent.

Yellow Brick Road (YBR) has credited increased media investment for the group’s significant growth in its mortgage book, settlement volumes and loan pipeline.

AMP sees major potential to grow its mortgage business through the third-party channel, despite recording minimal mortgage growth in the first quarter of 2016.

The International Monetary Fund (IMF) has downgraded its baseline projection for global growth in 2016, while Australia’s growth will remain “below potential”.

Investor housing credit recorded its fastest growth rate in six months during February, according to new research.

New home building helped Australia’s GDP growth finish “relatively favourably and beating expectations” in 2015, according to one industry economist.

Growth in owner-occupied housing credit continued to outperform the investor segment in January, research by ANZ shows.

Home value growth is likely to slow down across Australia this year, according to a recent report.