CBA says that mortgage brokers play a key role in ensuring a healthy and competitive market for consumers
Australia is amidst a severe property bubble and it can’t be ignored, warns Lindsay David, the author of Australia: Boom to Bust. But not everyone is worried.
Despite some concerns over the cash rate remaining at its record low, the Reserve Bank is predicted to keep the official cash rate on hold at 2.5% at its board meeting on Tuesday
Brokers demand greater scrutiny be applied to branch managers and their lending activities, after many experience dubious lending practices by the banks
As the deadline for second round submissions to the Financial Services Inquiry closed this week, small banks bound together in their fight for a “level playing field” in the mortgage lending market.
A downward trend in new home sales has emerged for the year ahead, as sales dropped off a little in July
Subprime mortgages wreaked havoc on the US economy and contributed to the global financial crisis but the subprime mortgage market in Australia is gaining traction
The Housing Industry Association is pushing for policy reform when it comes to “onerous” stamp duties
The construction of new residential housing has increased by 2.2% in the June 2014 quarter, bringing positive news to the property market
APRA data reveals non-major banks increased their share of the mortgage market by 16.6% in the year to June 2014 – doubling the 8.2% increase experienced by the major banks