Sluggish investor activity driving home loan slump – Mortgagebusiness Online

As read in Mortgagebusiness online – Home loan demand has dropped for the fifth consecutive month, driven by a continual fall in investor lending activity, new ABS data has revealed. According to the latest Housing Finance and Lending Finance data from the Australian Bureau of Statistics (ABS), the total value of dwelling commitments fell by 0.2 of a percentage point in […]

Cash rate stagnation continues – The Adviser

As read in The Adviser online -The Reserve Bank of Australia has today announced the official cash rate for June following its monthly board meeting. The RBA board has again decided to keep the cash rate at a record low of 1.50 per cent, in a move predicted by most industry pundits. The decision once again […]

S&P flags risks of reduced access to refinancing – Mortgage Business Online

As read online – The ratings agency has warned that a further tightening in lending standards could limit borrowers’ ability to reduce financial stress by refinancing their home loan. In its RMBS Arrears Statistics: Australia report, Standard & Poor’s (S&P) noted that it expects lending standards to tighten further in the wake of the Royal Commission into […]

Budget 2018–19 released- MortgageBusiness Online

As read in MortgageBusiness online – The Budget 2018–19 has been released, with the Treasurer announcing a range of changes, tax cuts and new initiatives for the year ahead. The Honourable Scott Morrison MP, Treasurer of the Commonwealth of Australia, released the Budget 2018–19 on Tuesday evening (8 May), outlining the measures that the Turnbull government will take […]

Home buyers increasingly flocking to brokers – The Adviser

As read in The Adviser online – Australians are increasingly seeking expertise from mortgage brokers when purchasing a property, new research has revealed. According to joint research from Mortgage Choice and CoreData published in their Evolving Great Australian Dream 2018 whitepaper, 28.2 per cent of Australians visited a mortgage broker when purchasing a home or investment property, […]

Banks urged to put ‘stronger focus’ on customers – Mortgagebusines online.

As read in mortgagebusiness online – The eighth and final report looking at the Banking Reform Program has been released, calling that a “stronger focus on customers and their individual circumstances needs to become an integral part of the way the banks do business”. The final report from “independent governance expert” and former auditor-general Ian McPhee AO outlines […]