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Economy

Murray report flags ‘systemic risk’ of housing

The Murray Inquiry has warned that housing is a potential source of systemic risk for the financial system and the economy, and could erode bank balance sheets and impact new lending.

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Unemployment rises to six per cent

Australia’s unemployment rate increased to six per cent in June.

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Foreign buyer demand falls in Q2

Foreign buyers were less active in the residential property market in the June quarter following a strong rise in the first quarter of the year.

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$500bn opportunity in reverse mortgage market

Half a trillion dollars of home equity is being held by Australians over the age of 65 and is available to be leveraged.

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Britain’s £1 billion-a-day digital banking revolution

Mobile and internet banking in the UK is now being used for transactions worth nearly £1 billion a day.

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Competition for BDMs heats up

Competition for BDMs is increasing as lenders continue to fight for greater distribution in the growing third-party channel.

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Majors fight back against digital threat

Australia’s major lenders are harnessing the power of multiple touch points in an attempt to combat digital disruptors.

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Regional banks struggle for market share

The regional banks remain at a structural disadvantage to the majors, despite the benefits from a recovery in housing finance, lower funding costs and improving loan quality.

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RBA warns banks over mortgages

The Reserve Bank has warned Australian lenders they may need to hold additional capital against housing finance, driving up the cost of home loans.

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Aussie dismisses bank-ownership critics

Aussie’s top executive has dismissed claims that CBA has influence over the group’s brokers.

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