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Australia’s banks issued just under $3 billion in owner-occupied mortgages in July, two thirds less than the month before, according to new data.

The e-conveyancer that holds over 88 per cent of market share said no other industry had been “pieced back together” by interoperability.

The government’s efforts to improve housing supply are yet to appear in dwellings approval data, HIA’s senior economist has said.

After achieving its strongest-ever loan book growth in the financial year 2023, partly driven by brokers, the lender has said it will look to achieve ‘modest growth’ in FY24.

The non-bank has priced a $850 million residential mortgage-backed security transaction, which will be used to support its non-conforming mortgage business growth.

July’s annual CPI increase fell from the previous month below economist and market expectations, the latest ABS data has revealed.

The non-bank lender has said it is targeting $1 billion in asset finance settlements in the financial year 2024, along with greater operational efficiency and digital transformation.

Amid the pinching effects of rising living costs, cash-poor retirees are turning to reverse mortgages to tap into their home equity, a revelation by a leading lender shows.

The full effect of mortgage arrears are yet to be realised as the full impact of interest rate rises continues to roll through.

Australia’s combined capital cities have recorded their busiest week since before the Easter long weekend, according to CoreLogic.

The Treasury has proposed new changes aimed at enhancing consent and transparency within the CDR framework for the non-bank sector.

New research has revealed the number of mortgage holders “at risk” of “mortgage stress” rose to record levels in July.

The corporate regulator will focus on protecting vulnerable consumers and small businesses, as part of its corporate plan.

The lack of an enforced regulatory regime in e-conveyancing has enabled PEXA to monopolise the market and stifled competition, according to the Sympli chief executive.

The major bank has announced it has filed an application for the Australian Competition Tribunal to review ACCC’s acquisition denial.