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Economy

New banking model celebrates milestone

Bendigo and Adelaide Bank plans to pass on its third-party lending experience after forming a partnership with four credit unions.

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Foreign investor crackdown ‘long overdue’

The forced sale of a $39 million Sydney mansion connected to a Chinese billionaire has won approval from a China-focused property group.

mortgagebusiness
Rising unemployment a ‘key concern’ for mortgage defaults

Standard & Poor’s has warned that a substantial increase in unemployment and associated decrease in disposable income is a ‘key concern’ that could worsen mortgage arrears and defaults

mortgagebusiness
Hong Kong tightens mortgage rules

The Hong Kong Monetary Authority (HKMA) has issued fresh guidelines to banks on a new round of home lending supervisory measures to strengthen banks’ risk management and resilience.

mortgagebusiness
Unit approvals soar in January

New data on housing approvals has revealed the changing nature of Australia’s real estate market.

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'Further rate cuts won’t encourage buyers'

Mortgage Choice chief executive Michael Russell claims we will soon reach a point at which further rate cuts will fail to stimulate demand for property.

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RBA rate announcement

The Reserve Bank of Australia has announced the result of its monthly board meeting.

mortgagebusiness
RBA rate announcement march cut

The Reserve Bank of Australia has announced the result of its monthly board meeting.

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RBA to cut cash rate today

One major bank's chief economist is confident the RBA will lower the official cash rate later today after he correctly forecast a rate cut last month.

mortgagebusiness
Foreign buyer fee won’t curb demand

A Melbourne buyer’s agent believes a federal government proposal to charge foreign buyers an application fee each time they buy property in Australia will not tackle the ‘seismic’ changes in ...

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