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Mortgage serviceability continues to deteriorate: ANZ/CoreLogic

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

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

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

New RBA deputy governor appointed

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

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

Banks launch ‘new offensive in the war on scams’

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

RedZed settles $500m RMBS

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

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

More rate rises on the horizon? 

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

Australian mutuals outperform broader banking sector 

The mutuals have achieved a greater increase in total gross loans than other ADIs, according to KPMG’s Mutuals Industry ...

Majority of older Australians think they will outlive their savings

Cost-of-living pressures are affecting Australians of every age and occupation. New research, though, has exposed the ...

Westpac subsidiaries added to government guarantee scheme

Three Westpac subsidiaries have joined the lender panel of the government’s Home Guarantee Scheme that enables Australians to ...

Home loans the top reason for hardship 

Lenders are being urged to improve their hardship services with an increasing number of Australians needing assistance.

Investigations into alleged mortgage Ponzi scheme continue

Investigations are continuing into the alleged misappropriation of investment funds from a mortgage and loan business, with ...

Home Value Index reaches record high

Australian dwelling values have surpassed their previous peak, registering a new record high in November, according to ...

Major bank scraps deputy CEO position 

The major bank has revealed it will enter 2024 with a reshaped executive leadership team as its deputy chief executive ...

RBA reveals reason behind November rate hike

Increasingly persistent inflation has stood as the central cause behind the RBA’s rate hike, the November monetary policy ...

Australian economy ‘in a better position than most’, says Treasurer 

Despite facing challenges such as sticky inflation and lag effects of monetary policy, the Treasurer has declared Australia’s ...

REIQ questions Qld government’s FHB grant boost

The association has expressed its doubts over the state government’s move to double the First Home Owners Grant.

ANZ unveils digital home loan

The major bank has announced the launch of a new digital home loan.

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