Breaking

NSW government announces plans to fast-track low to mid-rise housing
30 November 2023

The Minns government has announced plans to tackle housing supply issues by fast-tracking the creation of new homes.

In Memoriam: Cameron Small, 1969–2023
29 November 2023

Cameron Small, a long-serving member of the finance industry and experienced CFO, has passed away at the age of 54.

Heritage and People’s Choice reveals new name
29 November 2023

Following the merger of Heritage Bank and People’s Choice Credit Union, the mutual lending group has unveiled what its new name will be.

Help to Buy package to be introduced this week
29 November 2023

This week, legislation to create the federal government’s shared equity scheme for home ownership will be introduced to Parliament.

WLTH acquires Mortgage Mart
28 November 2023

The neo-lender has acquired the mortgage manager in a move to “create greater competition” and a broader range of solutions for brokers and their clients.

Plenti enters partnership with major bank
28 November 2023

The fintech lender has entered a strategic partnership with a major bank to launch a new car and electric vehicle loan.

Mortgage serviceability continues to deteriorate: ANZ/CoreLogic
28 November 2023

The income needed to service new mortgages on the average dwelling value has increased year on year, a new report has found.

Arrears plateaued in 3Q23: S&P
28 November 2023

The majority of borrowers have remained resilient in the wake of rising interest rates, the credit ratings reporter has found.

Auswide Bank ‘relieved’ it didn’t offer cashbacks
28 November 2023

The lender’s outgoing MD has flagged ongoing cost pressures in mortgage lending, adding he was “relieved” the bank did not offer cashbacks.

New RBA deputy governor appointed
27 November 2023

The newly appointed deputy governor of Australia’s central bank has more than 30 years of experience with the Bank of England.

Summerland Bank eyes growth through broker channel
27 November 2023

The customer-owned bank has revealed it is overhauling its loan origination system and looking to grow its broker presence as it builds its book.

Banks launch ‘new offensive in the war on scams’
27 November 2023

A fraud protection endeavour has been launched, including a $100 million investment to create a new confirmation of payee system.

RedZed settles $500m RMBS
27 November 2023

The non-bank lender has announced the completion of its third transaction of 2023.

End of November set for second busiest auction week of 2023
25 November 2023

With 3,084 homes going under the hammer, Australia’s combined capitals are gearing up for their second busiest auction week of the year.

More rate rises on the horizon? 
24 November 2023

Following the RBA governor’s speech where she has said inflation was “increasingly homegrown”, economists are undecided on further rate increases.