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ANZ-Suncorp merger denied

ACCC has denied authorisation for ANZ to acquire Suncorp Bank.

Development of trust key to open banking

Wider use and acceptance of open banking and the CDR will be key to improving borrowers’ experience, lender heads have ...

Property prices expected to jump 2–5% in 2023: PropTrack

National residential property prices are projected to lift further by the end of the year, according to PropTrack’s Market ...

Banks allowed to collaborate on standards: ACCC

ABA members have been granted permission to co-ordinate on developing an industry standard to prevent and detect scams.

NAB welcomes new leadership team member

The major bank has announced the appointment of Sarah White as its new group executive, people and culture.

Majors tweak rate forecasts

The big four banks have adjusted their cash rate forecasts on the heels of interest rates being held steady in August.

Record living costs linked to mortgage rates: ABS

The ABS has reported a significant increase in living costs for Australians, driven primarily by a sharp increase in mortgage ...

Qld to construct 900,000 new homes by 2046

Approximately 2.2 million new residents could be accommodated in the Sunshine State under draft plans for 900,000 new ...

Housing bill reintroduced as threat of double dissolution grows

The Housing Australia Future Fund Bill has been reintroduced into Parliament by the housing minister, with the threat of a ...

$20bn in home loans refinanced in June: ABS

While refinance activity dropped in June more than $20 billion in home loans were switched.

Building approvals continue downward trajectory: ABS

Dwelling approvals declined 7.7 per cent in June after a strong May result, the latest ABS data has revealed.

Borrowers driven to ‘desperate measures’ to meet repayments: Survey

Home owners are being pushed to extremes due to mortgage stress, a new survey has revealed.

Cash rate remains at 4.1% in August

The central bank has decided to hold the cash rate for the second month in a row.

ADIs grew owner-occupier loan book by $9.3bn in June

Total loan books for Australia’s banks continued to rise in June, remaining above the $2.1 trillion recorded in May, new APRA ...

RBA ‘likely’ to pause in August: CreditorWatch

The positive signs shown from recent inflation figures are likely to encourage the central bank to hold the cash rate in ...

BNK Group on balance sheet loan book rises 37%

The ASX-listed lender closed the quarter with an on-balance sheet loan book of $1.3 billion, up 2.8 per cent on the quarter ...

House value growth is easing: CoreLogic

While house prices have increased for the fifth consecutive month, the pace of price growth has slowed, according to analysts

Cash rate peak revised down: Economists

While some of the major banks’ economists have revised down their peak estimates for the cash rate, a hike in August remains ...

Labor renews Housing Australia Future Fund push

After having the housing affordability package knocked back, the Prime Minister has confirmed it will be reintroduced this ...

YBR settled $4bn in 4Q23

Yellow Brick Road has settled more than $4 billion in its quarter results ended 30 June.

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