As read in Aust Broker OnlineMotoring association and mutual organisation Royal Automobile Club of Queensland (RACQ) has launched the RACQ Bank brand, opening 13 branches across the state. Unveiled yesterday (25 September), the bank will provide personal banking products including mortgages to RACQ’s 1.6 million members. “We’re committed to giving members honest, easy and […]
As read in Aust Broker Online -The number of Australian residential mortgages that are more than 30 days in arrears has shot up to a five year high, according to Moody’s Investors Service. The ratings agency recorded a 30+ delinquency rate of 1.62% in May this year with record high rates in Western Australia, […]
As read in MortgageBusiness online – The boss of one of Australia’s largest home loan comparison websites says that comparison rates are now obsolete and “decades behind” today’s market conditions. RateCity CEO Paul Marshall said that while the comparison rate is a good concept, it is no longer helping mortgage borrowers as much as it once did. […]
As read in Mortgaebusiness online -The structure of the Australian economy will likely “continue to change” between 2017 and 2021, the central bank has said while warning that economic shocks will also occur. In its 2017/18 Corporate Plan, the Reserve Bank of Australia (RBA) said that its monetary policy performance objective was to achieve an […]
