Two significant speeches from senior Reserve Bank officials in the past day or so have added to the arguments and view the central bank has about the current state and direction of the Australian economy, which appeared in this week's minutes of the September 6 RBA board meeting.
Housing stock on the market has climbed 22% since last year, SQM Research has revealed.
ASIC has questioned consumer group Choice's role in a mortgage lending campaign, it has been reported.
New research has indicated it now takes the average couple more than four years to save a deposit for their first home.
A broker has warned borrowers to be wary of chasing cheap fixed rates amid a wave of discounting that proliferate in the industry.
Bankwest has posted a massive profit turnaround as its loan book quality improves.
Members of Australia's largest organization of residential builders--the Housing Industry Association--had sought the Reserve Bank's policy intervention to slash down benchmark lending rates to spur consumer confidence to spend more and allow more room for the industry to grow.
Aggregators in Australia had been criticised for being too slow to update their lending panels to the dismay of brokers and clients.
Brokers should look to outsource as operating costs become more difficult, Vow Financial has said.
Fierce mortgage competition between the majors is seeing credit standards eroded, a lender has claimed.
New legislation for the reverse mortgage industry would enshrine in law many standards already applied by the industry body.
While refinancing is on the rise, many consumers are failing to see benefits from it, the MFAA has claimed.
A growing number of Australians expect property prices to fall over the next year, a new survey has found.
The Reserve Bank has left the official cash rate on hold, but has expressed concern over rising inflation.
Lenders may be caught out by a technicality in the freshly drafted disclosure regime, requiring them to publish mortgage manager rates.
The furore over consumer group Choice's mortgage switching campaign may be a "storm in a teacup" according to one broker.
The TD-MI Monthly Inflation Gauge has indicated a 0.3% rise in July, bringing the year-on-year figure to 3.2%. The result takes inflation above the Reserve Bank's target band of two to three per cent.
Brokers have expressed outrage at a recent move by Firstfolio to impose a fee on non-performing originators.
In January we saw Aussie home values fall by 1.2% which was the weakest monthly result on record. Over the March quarter home values were down 1.8%. Since that time we have seen the rate of decline slow along with an improvement in our leading indicators, like vendor discounting and time-on-market.
St. George head of intermediary distribution Steven Heavey has announced his resignation, only days after his involvement in the launch of Westpac's rebadged Bank of Melbourne brand in Victoria.