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Lowe's last gift to borrowers; Cash rate holds steady
5 September 2023

The Reserve Bank decided to further pause the cash rate in Philip Lowe's last monetary policy meeting.

Westpac allegedly seized property from those requesting hardship 
5 September 2023

ASIC alleged the major bank failed to process 229 hardship applications within 21 days between 2015 and 2022.

Almost 50% of Australians hold no confidence in RBA
5 September 2023

Despite rates holding steady of late, 46 per cent of Australians are not confident in the RBA and government’s ability to ease inflation this year, according to Canstar.

Over half of home owners renovating instead of selling: Aussie
5 September 2023

Home owners are opting to renovate their homes instead of selling due to affordability constraints, Aussie Home Loans research has indicated.

Housing affordability at 30-year low: PropTrack
5 September 2023

Housing affordability has declined to its worst level in three decades, PropTrack research has revealed.

Auction activity increases as spring has sprung
5 September 2023

The first week of spring saw slightly higher auction results than the week prior but was still a softer-than-expected start to September.

Big 4 agree on September cash rate hold
4 September 2023

Australia’s major banks have all called a cash rate pause during tomorrow’s monetary policy meeting.

Refinancing continues to break records
4 September 2023

The value of refinancing once again soared to new heights amid strong competition in the mortgage market.

Beyond Bank and First Choice Credit Union announce intention to merge
1 September 2023

Two customer-owned lenders have announced that they intend to merge, with member votes expected later this year.

Pepper buys prime loan portfolio from bank
1 September 2023

A book of approximately NZ$1.4 billion prime New Zealand mortgages have been bought by the non-bank lender from HSBC.

Axing screen scraping under review: Treasury 
1 September 2023

The practice of ‘screen scraping’ is under scrutiny, following recommendations to axe it.

Owner-occupied growth drops more than 60%: APRA
1 September 2023

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.

PEXA ‘welcomes competition’, disputes current interoperability view
1 September 2023

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

Supply solutions yet to materialise in approvals data: HIA
1 September 2023

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

Auswide celebrates record loan book increase
31 August 2023

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.