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Mortgage demand continues to fall, according to latest Equifax data

Home loan applications continue to decline, according to the latest Equifax data. 

MyState loan book lifts $1bn

The non-major bank has announced “significant” home loan growth over the financial year 2022, up more than $1 billion.

RBNZ boosts cash rate to 3%

New Zealand’s central bank has committed to another cash hike in the face of surging inflation, tacking on an extra 50 basis ...

South Korean bank granted foreign bank licence

NongHyup Bank has been granted a foreign authorised deposit-taking institution licence from APRA.

Rates up to 91 bps higher for existing borrowers: Lendi

Long-term borrowers are paying up to $70,000 more in repayments than first-time customers, according to new figures released ...

E-conveyancer rolls out automated messaging for brokers

Settle Easy has updated its online platform to provide automatic updates to mortgage brokers and real estate agents during ...

RBA announces 2 promotions

The Reserve Bank of Australia has announced two heads of department as it promotes from within.

P&N Group appoints new general manager, data & open banking

The former head of open banking at Great Southern Bank has joined Police & Nurses Limited as its new GM of data & ...

Thelawstore.com.au announces new CEO

The tech company has appointed its first female chief executive to succeed Ian Hendey and continue its expansion plans.

Brokers now responsible for majority of Bendigo’s loan book

The third-party channel is now responsible for more than half of Bendigo and Adelaide Bank’s loan book, new data shows.

Industry welcomes new MFAA CEO

Members of the broking industry have welcomed the appointment of Anja Pannek as the new chief executive of the Mortgage & ...

Business credit applications fall for the 1st time in over a year

Business credit applications declined 2.0 per cent in the June 2022 quarter, marking the first fall in five quarters, ...

July listings record largest yoy increase for 12 years

The “unusually busy” winter period saw property listings increase by 4.9 per cent on last year, the largest year-on-year ...

Major bank distributes another $2m to flooding appeal

A big four bank has distributed a further $2 million in funding to support flood victims across Australia’s east coast.

Making news this week (ending 12 August)

Making news this week, CBA and NAB reported a lift to home lending, Video VOI to ‘fall by the wayside’ this decade - futurist ...

Spending continues while sentiment falls, economists say

The latest sentiment data reveals household and businesses are reacting differently to the economic challenges, with ...

ABS to release monthly inflation data

The first monthly consumer price index indicator is set to be released by the Australian Bureau of Statistics in October.

AMP reports 9% rise in home lending

The banking arm of AMP saw its residential mortgage book increase to $22.4 billion, or 9 per cent, in the first half of its ...

Financial hardship pressures increasing

While the majority of NAB customers are ahead on their home loans, 1 in 5 has felt financially stressed in the last 90 days, ...

CBA home lending ticks up in FY22

Commonwealth Bank of Australia has reported home lending grew by 7.4 per cent over the financial year 2022, but slowed in the ...

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