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Mutuals’ positivity persists despite headwinds ahead: Report
Continued size, staff, demographic, and economic challenges for mutual banks lie in wait, a KPMG survey has highlighted.
LENDER • Sun, 27 Nov 2022
1 in 4 Aussies ‘highly concerned’ about further rate rises: NAB
Data averages are ‘masking’ increased mortgagor stress levels over their home loan debt, a NAB behavioural economist has explained.
ECONOMY • Sun, 27 Nov 2022
‘Temporary inflation episode’, so history doesn’t repeat: RBA
While current high inflation came as ‘a shock’ its pressure could get ‘more variable’, the central bank has warned.
ECONOMY • Wed, 23 Nov 2022
AMP pursues FHB loan-book growth via Bricklet
With first home ownership difficult for many Australians, a new shared equity tool aims to help, AMP and proptech Bricklet have announced.
LENDER • Tue, 22 Nov 2022
Labour market agility via housing shake-up needed: CEDA
The think tank has firmly laid down its economic productivity suggestions on the eve of RBA governor Philip Lowe’s CEDA dinner speech.
ECONOMY • Mon, 21 Nov 2022
December cash rate hike probable after wage inflation ‘surprise’
A pause in the cash-rate hike trend seems unlikely, after ABS Q3 data revealed wage inflation growth.
Home loan buffers eyed as bank customers squeeze spending
Latest figures suggest current economic reality is becoming “more apparent” to Western Australians, Bankwest has said.
ECONOMY • Sun, 20 Nov 2022
LRBA loans no ‘material’ super risk, but vigilance remains
Following 2014 recommendations that LRBAs should be prohibited, the latest CFR report has massively downgraded their risk — mostly.
REGULATION • Thu, 17 Nov 2022
‘Provisional yes’ as Heritage, People’s Choice set to merge
After months of negotiation, shareholders finally voted on the mutuals’ merger.
LENDER • Wed, 16 Nov 2022