THE City Tattersalls Club and its development partner ICD Property have received approval from Sydney council’s to move ahead with its plans for a 49-storey tower on its historic Pitt St home in the CBD. Plans for 194-204 Pitt St will also include the rejuvenation of the entire club house, including retail, restaurants, hotel and club reception on the ground level, as well as an event space…

AUSTRALIANS are taking advantage of lower interest rates to get in front. Fitch Ratings shows the mortgage prepayment rate has rebounded from a 19-year low and arrears also fell in the third quarter. Fitch Rating’s latest Dinkum RMBS Index for 3Q19 shows the borrower payment rate (BPR) increased by 320bp to 21.4% in 3Q19 from the previous quarter, while the conditional prepayment rate (CPR)…