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Total ADI loan book increases over $10bn
1 July 2024

Australia’s banks continued accelerated loan book growth in May, APRA has revealed.

Treasurer approves ANZ-Suncorp merger
28 June 2024

ANZ’s acquisition of Suncorp’s banking arm has been given the go-ahead by the federal Treasurer Jim Chalmers, in the biggest banking merger in decades.

RBA tipped to embrace ‘lower for longer’ strategy
28 June 2024

The central bank is expected to hold interest rates well into next year following a strong inflation print in May.

Bridgit launches 12-month loan term
28 June 2024

The non-bank lender has announced a new loan term following a recent debt facility funding.

New provisions for guarantors included in Banking Code update
28 June 2024

To ensure guarantors better understand their obligations, the association has updated the Banking Code of Practice.

Prices to jump 2–5% over FY25: PropTrack
28 June 2024

Home prices are to continue climbing as buyer demand remains strong in a high interest rate environment.

Turnarounds slow at smaller banks: Broker Pulse
27 June 2024

Brokers have reported that the smaller banks are suffering from slower turnarounds, according to the latest Broker Pulse survey.

Mortgage stress expected to fall in the wake of stage 3 tax cuts
27 June 2024

According to recent data, more than 1.5 million Aussies are at risk of being affected by mortgage stress. However, with stage 3 tax cuts on the horizon, these numbers are predicted to ...

Monthly CPI surges
27 June 2024

The ABS has revealed a lift in the monthly CPI for May 2024.

Loan discharges have increased: RBA
27 June 2024

Borrowers are opting to deleverage due to higher interest rates, the RBA has revealed.

Profit-making sales at 14-year high
26 June 2024

Property resales have hit their highest rate of profitability since 2010.

Major bank sanctioned by BCCC
26 June 2024

The banking committee has sanctioned a major bank for “serious and systematic” breaches of the Banking Code.

Human right to housing bill introduced to Parliament
26 June 2024

A new bill that would solidify housing as a human right in Australia has been introduced to Parliament.

Appeal filed in class action proceedings against CBA
25 June 2024

An appeal has been filed from the Federal Court judgment in the shareholder class action proceedings.

Customer-owned banks announce merger plans
25 June 2024

The two non-major banks have announced plans for a merger to position both organisations for future growth.