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No improvement to dwelling approvals over June: ABS

The first month of winter saw no improvement to the recent downswing of approved residential constructions, according to new ...

Investor bond scams surge during first half of 2022

Scams involving investor bonds tripled during the first six months of the year, with rising interest rates tipped as one ...

Owner-occupier refinancing smashed records in June: ABS

A new record has been set in the value of owner-occupier loans being refinanced, according to June figures from the ABS.

Westpac completes sale of life insurance business

The major bank has confirmed that it has concluded its sale of Westpac Life Insurance Services to TAL Dai-ichi Life Australia

ACT offers low rate loans to replace combustible cladding

A new, low-interest-rate concessional loan is set to be rolled out by the ACT state government to help apartment building ...

RBA announces 4th consecutive rate hike

Reserve Bank governor Philip Lowe has bumped the cash rate to almost 2 per cent, signalling rising inflation as the main ...

RBA August rate hike closes in

Economists widely anticipate the central bank will bump the cash rate another 50 bps today (2 August). 

Funding cost pressures should ease by 2023: Pepper

Rising cost of funds are impacting both banks and non-banks at the moment, but should ease from next year, the non-bank ...

Housing price downswing ‘comparable’ with GFC onset: CoreLogic

The property analysis outfit has reported that the current trend for Australian home values mirrors rates observed during the ...

Refinancing surges by 29% across east coast during FY22

The number of borrowers refinancing across Australia’s three eastern states hit record figures over the 2022 financial year, ...

ASIC actions 1st DDO stop orders

The watchdog has utilised its design and distribution obligations powers for the first time, placing interim stop orders on ...

Overseas banks continue Australian expansion

The Australian presence of foreign banks grew over 2021, according to a new MinterEllison report.

Client retention to help amid economic headwinds

Industry experts have doubled down on client retention as inflation and interest rates continue to climb.

Mortgage lending continues steady growth

Home loan lending remains “stable” over June, with all four major banks reporting an increase to their loan book, according ...

‘Rate rises do and will hurt’: Treasurer

Releasing revised economic forecasts in his first ministerial statement on the economy, Treasurer Jim Chalmers has noted the ...

Macquarie Bank loan book rises 8% in 1Q23

The bank’s mortgage portfolio continues to grow, after having risen 8 per cent in the June quarter to $9.9 billion.

Regchain releases flagship mortgage rules engine

The fintech has confirmed the launch of Stryd, a product for lenders and aggregators said to provide fully automated and ...

Westpac to launch digital mortgage this year

Customers refinancing to Westpac’s Flexi First Option basic home loan will be the first to access the bank’s new digital ...

House values tipped to sink 15% by 2023’s end

Australia’s property prices are set to decline by 15 per cent over the next 18 months, according to a new PropTrack analysis

First PEXA CEO to join Iress

The financial software company has named Marcus Price as its next chief executive and managing director, with his appointment ...

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