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Dwelling investment to detract from growth, says government

The budget 2019-20 may show that the Coalition government thinks the domestic economy is faring well, but it has noted that the housing market is affecting the outlook.

Dwelling investment to detract from growth, says government
HSBC outpacing peers on mortgage growth

HSBC’s owner-occupied home loan portfolio growth has outpaced other non-major banks, as well as the big four, according to APRA’s latest data.

HSBC
HIA reports ‘subdued’ growth in new home sales

New home sales increased in some states but remained largely subdued nationwide, according to the HIA’s latest figures.

Auction
ING profits bolstered by 11% loan growth

An 11 per cent increase to the non-major’s mortgage book has helped drive 15 per cent growth in ING’s net profit after tax.

Uday Sareen
Heritage reports profit fall despite 20% loan growth

A 20 per cent rise in loan approvals had not been enough to prevent the member-owned bank from posting a 4 per cent decline in its net profit.

Heritage Bank
Resimac reports 13% profit growth

The non-bank lender’s financial performance has been bolstered by a sharp rise in its principally funded mortgage book.

Scott McWilliam Resimac
Fintechs sought for Global Financial Innovation Network

The financial services regulator is calling on fintechs to participate in a cross-border pilot launch of a new Global Financial Innovation Network.

ASIC
Credit to remain a ‘formidable obstacle’ to housing growth

Tighter credit conditions will persist in 2019 and continue to weigh on housing market growth, according to CoreLogic.

mortgagebusiness
Wisr books 49% growth in loan settlements

The marketplace lender has booked a 49.9 per cent growth in loan settlements over the quarter in Q1 FY19.

mortgagebusiness
Impending law to poise mutuals for faster growth

The CEO of COBA believes that mutuals would be able to pursue accelerated growth and compete more fiercely with the major banks if legislative reforms pass Parliament.

mortgagebusiness
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