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Non-major bank announces new CEO

A new chief executive officer will take over the helm at an agricultural lender following the retirement of the current ...

ANZ appoints new head of commercial

The former executive general manager of small-business banking at CBA has joined ANZ as its new group executive for ...

‘Early effects’ of rate rises showing in new home sales

New home sales slumped in November, as rising rates place a stranglehold on new construction, latest HIA data has revealed.

Financial bodies call for ‘dual board’ in RBA reform

Financial associations have called for change to the RBA decision process via their submissions to the review panel.

Online searches ‘crystal ball’ early financial stress: RBA

Social media searches are helping the central bank flag home loan arrears much sooner, the RBA has revealed.

Lower borrowing capacities the biggest challenge: PropTrack

People can’t pay the same prices for properties now as borrowing capacities become a bigger problem, a PropTrack executive ...

‘Restraint is in order’: Treasurer

The federal Treasurer has flagged “uncertainty is ahead” despite the economic growth forecast.

CBA becomes 1st major to offer Victorian Homebuyer Fund

The major bank has announced that it will be accepting applications for the Victorian Homebuyer Fund, the first of the ...

Prime home loan arrears steady ‘for now’: S&P

Mortgage arrears have remained resilient to multiple interest rate rises, but holiday spending could see the tide turn, ...

Reading between the lines: The secret message behind Lowe’s choice of words

It’s not the 25-bp hike that surprised markets, rather it’s Philip Lowe’s choice of wording.

Big 4 banks pass on rate hike

The major banks have announced changes to interest rates following the central bank’s most recent rate rise of 25 bps.

‘Overly aggressive hiking cycle’ to test housing market

Treasury has reacted to the RBA decision assessing a 2023 economic slowdown, but for ‘how long?’ and ‘by how much?’, ...

‘Suboptimal and de-stabilising’ for BOQ head to remain: BOQ chairman

Following the rapid exit of its former MD and chief executive, the Bank of Queensland chairman has responded to shareholders

Risk characteristics of mortgage lending ‘improving’, notes APRA

The banks wrote fewer high loan-to-value ratio mortgages and decreased high debt-to-income lending over the September ...

House prices fell around $37k on average: ABS

The total value of Australia’s residential dwelling has continued to fall from its $10 trillion peak, down to $9

‘Ho, Ho ... oh no!’ RBA announces December rate rise

Home owners are ringing in the festive period with a present they cant re-gift, after the RBA announced a rate hike for the ...

‘Game changing’ action initiation CDR legislation introduced

New legislation has been introduced that expands the Consumer Data Right to enable consumers to instruct lenders to initiate ...

Economists expect 3.10% December cash rate

It is highly likely another 25-bp hike is ‘coming down the chimney’ today, major bank economists have suggested.

Property prices continue slide as fixed-mortgage ‘rate cliff’ looms

Average property prices are still on track for a ‘top to bottom’ fall of 15–20 per cent, AMP’s Shane Oliver has confirmed

South Australians offered $1k flood grant

NAB has opened applications for $1,000 grants for flood-impacted customers in declared disaster areas of South Australia.

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