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Australia’s mortgage debt reaches $2.2tn

Australia’s mortgage debt has surged to $2.2 trillion, according to the latest data from CoreLogic.

Mortgage stress up ‘modestly’ among big 4 borrowers: EY

While borrowers behind on loan repayments remain at low levels, EY has called on banks to monitor arrears as the full effect ...

ANZ to further invest in digital mortgage product

The major bank looks to continue to grow its digital home loan product after its launch earlier this month.

RBA revises up forecasts

The central bank has upgraded its inflation and scheduled repayment forecasts following its latest interest rate increase.

Beyond Bank enters partnership with NextGen

The mutual lender has announced a new alliance with NextGen in its pursuit towards digitisation.

Commonwealth Bank expands financial abuse technology access 

The major lender has made its abuse detection artificial intelligence model available to banks globally.

Arrears still tracking below pre-COVID-19 levels

While 90-plus day arrears have ticked up amid the current cycle of interest rate hikes, they still remain lower than the ...

‘Greater opportunities for growth’ in business bank: NAB

While home lending “remains a key market”, the major lender will be “tilting towards” its business bank, according to its ...

Lenders pass on RBA’s November rate hike

Australia’s banks have begun raising interest rates on home loan and savings after the RBA’s latest rate increase.

Dwelling approvals fall after August rise: ABS

The latest ABS data on building approvals has revealed a fall in total dwelling approvals for September, becoming the ...

‘A difficult day’ for mortgagors: Treasurer

The federal Treasurer has warned the latest rate hike will put further pressure on mortgage holders.

Investor support has been ‘ignored’: REIQ

The institute’s chief executive has called out the Queensland state government for its lack of support towards investors.

Migration cap will not fix housing affordability: CoreLogic 

Despite several economists calling for migration control as part of a housing affordability solution, CoreLogic has argued ...

Cup Day hike to take 'heat out of the housing upswing'

The November rate hike is set to disrupt the nation's housing market rebound according to CoreLogic's research director.

Market split 50/50 on interest rate decision

While bank economists seem to unanimously agree on a rate hike, market expectations are split down the middle.

Westpac reports $51bn fixed-rate roll off

Westpac has reported the "largest proportion" of fixed-rate loans rolled off during the financial year 2023.

3 charged over managed investment scheme 

The charges follow the collapse of the Sterling First group of companies, which ASIC alleges left tenants homeless.

How could alleged mortgage Ponzi scheme go undiscovered?

Questions are being asked about regulatory oversight following allegations that a law firm principal may have misappropriated ...

Summerland Credit Union transitions to a bank

The Northern Rivers of NSW lender has transitioned to become a bank as it “seeks to put the power back in the hands of the ...

‘Home owners happier than renters’: Great Southern Bank

A report by the customer-owned bank has found that the majority of people agree that home ownership is important to their ...

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