Monthly Archives: November 2017

Australia suffering from housing oversupply – Aust Broker online

As read in Australian Broker Online -Though much attention has been directed towards the housing shortage in some of Australia’s largest and fastest-growing cities, a new study from the Australian National University (ANU) says the country actually has a significant oversupply of housing. The Regional Housing Supply and Demand in Australia working paper, prepared by associate professor […]

RBA has no target for house prices, says Lowe

As read in MortgageBusiness online -The RBA has joined APRA in stressing its indifference towards house prices, despite flagging risks in the property market and making repeated warnings about high levels of household debt. Addressing the Australian Business Economists Annual Conference & Dinner in Sydney on Tuesday night (21 November), Reserve Bank governor Philip Lowe […]

‘Fully fledged recession’ needed to shake up government –MortgageBusines

As read in MortgaeBusiness online -The chief investment officer of a Sydney-based wealth management firm believes that a blinkered view of macroeconomic data will “come and bite us” in the coming years. Speaking in Sydney last week, Koda Capital’s chief investment officer, Brigette Leckie, said that Australia will only be able to address its deficit […]

Treasurer wants more digital banks and ‘cheaper loans’ –MortgageBusiness

As read in MortgageBusiness Online – Federal Treasurer Scott Morrison has outlined how removing the prohibition of the term “bank” could lead to a “flood of new online lenders” and drive rates down for consumers.Speaking at the Financial Services Council in Sydney on Monday (30 October), Mr Morrison explained how APRA’s increased powers — including oversight […]