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Westpac changes mortgage policy

The major bank and its subsidiaries have today announced fresh mortgage changes in an effort to meet regulatory requirements.

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Big four bank announces IO lending changes

A major bank has revealed that it is changing its maximum LVR for interest-only loans, effective 10 June.

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Oversupply commentary ‘overly alarmist,’ NAB says

The major bank has emphasised that although the apartment construction pipeline is two times higher than historical norms, much of the commentary in the public domain is exaggerated.

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Specialist lender issues $650m in RMBS in 12 months

Bluestone Mortgages has closed its third RMBS transaction in 12 months for $250 million, bringing total RMBS issuance to over $650 million for the year.

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Low wage growth dampens consumer confidence: ANZ

While overall consumer confidence grew modestly in the week ending 21 May, Australians believe financial conditions are worse than this time last year. 

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CBA announces fresh lending changes

Australia’s largest mortgage provider has today announced changes to interest-only payments for owner-occupied and investor home loans.

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Budget’s new GST measures to affect lenders

New budget measures include a “radical” plan to shift the responsibility of accounting for GST from property developers to purchasers, which will have ramifications for lenders, according to ...

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Major banks make changes to IO lending

Two of the big four banks have announced that they are making a raft of adjustments to their interest-only lending.

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Rental affordability decreases in all major cities except Perth

People living in rented accommodation in all of Australia's major cities except Perth have seen rental affordability worsen in the past six months, new data has revealed.

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Next rate move is up, says Citi

In a recent research piece on the post-housing boom economy, Citi Australia has predicted that the RBA’s next move will be to hike the official interest rate.

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