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New housing fund spearheads "ambitious" affordable housing drive

New housing legislation has been introduced to Parliament to deliver the "single biggest investment" in affordable and social ...

Senate to hold regional banking inquiry

A parliamentary inquiry to examine the impacts of regional bank closures on communities has passed through the federal Senate

Housing policy needs ‘intergenerational lens’: CEDA

The ‘bank of Mum and Dad’ is still crucial to bridging home owner wealth gaps, a professor has explained.

Openpay collapses as creditors chase debt

An Australian buy now, pay later business has called in administrators after announcing it would cease to offer new credit ...

Big banks move on upped 3.35% cash rate

The central bank’s February 25-bp cash rate hike has started flowing through to the first major banks.

Home owners hold back sales as market conditions worsen

As national property prices have fallen almost 5 per cent below their peak, prospective sellers have been sitting on the ...

Mortgagors refinancing at ‘rapid speed’: Lendi

Refinancing activity is expected to continue to rise throughout the year, breaking previous records set in 2022.

60% of borrowers ahead of mortgage repayments: Suncorp

The bank has reported a 5.2 per cent increase in home lending for its 2023 financial half-year results.

Home loan offering takes off at Qantas

Qantas has launched a white label mortgage offering through its money service, Qantas Money, giving borrowers up to 100,000 ...

Macquarie loan book lifted 4% in 3Q23

The lender’s mortgage book continued to increase in the three months to December, despite its banking business arm reporting ...

Mortgagors’ confidence ‘convincingly reversed’: Economist

Consumer confidence is down across a range of areas, latest ANZ-Roy Morgan data has revealed.

February cash rate hike continues mortgage pain

Australia’s central bank has confirmed a cash rate hike to start 2023, as sundry economists had expected.

Newest ADI launches term deposits

Alex Bank has launched term deposits, which it says marks “a crucial turning point” in its lending growth journey.

ANZ invests $50m in media company

The major bank has announced its strategic investment in the property media and technology company View Media Group.

2023 property prices to decline up to 11%: PropTrack

With interest rate rises weighing on prices, a new outlook report is forecasting property price falls of between 7 and 10 per ...

Affordable housing plan on track for ‘Mullum’ rail corridor

Negotiations are advancing to address Mullumbimby’s housing shortage, the NSW state government has announced.

Charities bracing for influx as mortgage cliff nears

More people are “living in cars” as higher rents and the fixed-mortgage ‘cliff’ approaches, charities have told a Senate ...

Economists unanimous on February cash rate hike

Only the brave would back a February rate pause, with the major banks all expecting the central bank to hike by at least a ...

Former NAB head of group strategy joins fintech

AI-software company Elula has announced the hiring of Colin Adamson as its new chief customer officer.

Refinancing remains high as value of new loans declines

Despite the value of new mortgages falling from record high levels earlier in 2022, refinancing has held strong, hitting its ...

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