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Westpac’s liquidity add-on dropped by APRA

The Australian Prudential Regulation Authority (APRA) has announced its removal of a liquidity add-on imposed on Westpac.

Housing downturn is accelerating, finds CoreLogic

The Home Value Index has dropped for a fourth consecutive month, with falling values becoming more widespread, according to ...

Business lending growth outpaces mortgages at the banks

Banks continue to build their business loans, with growth in business loans outpacing that of mortgages in July, new APRA ...

Economic headwinds drive regional property values down

As Australia’s property values begin to ease, new data has revealed regional properties have fallen at the “fastest pace” ...

Buyers continue to purchase ‘sight unseen’

As many as one in four buyers are still inspecting property outside the state they live in, a trend that’s showing “no signs ...

Home approvals nudged up

While new dwelling approvals plummeted, detached homes increased marginally. 

PEXA settles more than $900bn in FY22

PEXA has released strong financial results for the last financial year, revealing the exchange settled more than $900 billion ...

New non-exec director recruited to Bendigo and Adelaide Bank board

Bendigo and Adelaide Bank Limited has appointed Alistair Muir as a non-executive director.

Younger Australians flock to regions

Australians migrating from capital cities to regional communities are getting younger, according to the latest migration data

Liberty mortgage originations rise 28% to hit new record

New residential mortgage originations hit a new record of $3.9 billion in the last financial year, the non-bank lender has ...

‘The changes need to be substantial’: Treasury releases Quality of Advice Review proposal paper

Feedback can be put forward by industry stakeholders now.

Housing reforms set to improve liveability

New homes will be more comfortable, liveable, accessible and energy-efficient following a series of sweeping national reforms

Regional housing crisis fuels job crisis

The lack of affordable housing in some regional communities has sparked a “social crisis”, according to a new report. 

Resimac portfolio surpasses $15bn after record year

The non-bank lender saw record settlements of $6.3 billion in FY22, taking its book to over $15 billion for the first time.

Commercial real estate enticing lenders, finds CBRE

Both banks and non-banks still find commercial real estate an attractive enterprise despite rising debt costs, a new lender ...

Non-bank lender appoints new head of distribution

Stephen Doyle, financial services and aggregator specialist, will now be head of distribution at non-bank lender, Bridgit.

2-year rent freeze plan slammed as ‘farfetched and unrealistic’

A call from the Australian Greens for private rents to be frozen for the next 24 months for “millions” of tenants has been ...

Making news this week (ending 26 August)

Making news this week, Scott Morrison to face inquiry for secret ministries, Heartland signs MOU for restricted ADI in ...

Qld building company goes into liquidation

Up to 300 property owners have been left in the lurch by the insolvency of the Queensland-based residential construction ...

Royal commission announced into Robodebt

The Prime Minister has announced a royal commission into the former debt assessment and recovery scheme, Robodebt.

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