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Aussies increasingly concerned about ‘making ends meet’: NAB report

Latest NAB hardship data has revealed Australians’ cost concerns and workforce changes to suit.

Building approvals fall to decade low

New building approvals fell by 27.6 per cent in January, the lowest monthly level seen since July 2012, with houses recording ...

Lendi denies major lay-offs amid $2.5m loss

EXCLUSIVE Lendi Group chief executive David Hyman has cooled fears of significant redundancies at Aussie Home Loans amid ...

Older Australians to ‘downsize sooner’: Bridgit CEO

Worsening financial conditions will motivate elderly home owners to downsize sooner than expected, Bridgit chief executive ...

‘Monetary sovereignty’ issue raised in CBDC roll-out

Central bank digital currency (CBDC) roll-out has raised a range of views and concerns as major banks sign on to a pilot.

CGT on family homes won’t be touched, PM says

The Labor government has no intention of changing capital gains tax on the family home, Prime Minister Anthony Albanese ...

Banking committee commends banks for drop in breaches

The banking code committee has announced banks reported an almost 40 per cent drop in breaches of the banking code.

Have we hit the bottom of the market? Economists deliberate

While the general consensus is that home prices across Australia will continue to fall, February data bucked the trend.

Lendi plans to write 1 in 10 home loans

Following the group’s restructure, the Lendi Group’s chief executive has set his sights on doubling market share to 12

Resi secures expanded funding line

Yellow Brick Road’s securitisation joint venture has secured a new $49 million mezzanine finance partner and increased its ...

Mortgage confidence ‘drops sharply’ as stress hits high

Continued cash rate rises will impact mortgagor emotions even further, ANZ-Roy Morgan data has revealed.

4 Australian mutuals become 2

In two separate mergers, Greater Bank and Newcastle Permanent have officially merged, as have Heritage Bank and People’s ...

‘Peak house’ was in 1966, new AMP report shows

Home ownership was at its highest point 57 years ago and is unlikely to reach those levels again as the idea of ‘wealth’ has ...

Reverse mortgages up 20% in 1H23: Heartland

The financial services group has released its 1H23 results, revealing a 19.9 per cent increase in its reverse mortgages ...

Banks report growth in mortgage book amid slowing demand

Mortgage lending continued to lift in January across owner-occupied and investor lending, APRA data revealed.

Pseudo housing policies ‘need to die’, demographer warns

Demographer Simon Kuestenmacher has tipped fewer Australians will be able to own a home as inaffordability grows, signalling ...

Treasury urged to prioritise regulatory road map: COBA

COBA has called for the federal government to use its pending budget to develop a road map for financial services regulators

BNK total lending portfolio up 10%

The digital bank has released its 1H23 results, reporting that its total lending portfolio has hit $2.8 billion.

APRA says 3% loan buffer is still ‘appropriate’

The 3.0 per cent loan serviceability buffer and existing macroprudential policy settings are “appropriate”, APRA ...

Resimac settlements drop 32%

The non-bank lender’s home loan settlements dropped 32 per cent in the half year ended December 2022, as prime borrowers ...

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