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Auction activity increases as spring has sprung

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

Big 4 agree on September cash rate hold

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

Refinancing continues to break records

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

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

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 

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

Owner-occupied growth drops more than 60%: APRA

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

PEXA ‘welcomes competition’, disputes current interoperability view

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

Supply solutions yet to materialise in approvals data: HIA

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

Auswide celebrates record loan book increase

After achieving its strongest-ever loan book growth in the financial year 2023, partly driven by brokers, the lender has said ...

Pepper prices upsized $850m RMBS

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

CPI at 4.9% in July: ABS

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

Resimac strives for further asset finance growth in FY24

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

Reverse mortgage lender eyes Australia’s ageing population

Amid the pinching effects of rising living costs, cash-poor retirees are turning to reverse mortgages to tap into their home ...

Arrears not expected to peak until 2024: S&P

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

Auction activity continues upward trajectory

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

Treasury proposes CDR changes for non-banks

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

1.5 million mortgagors ‘at risk’ of stress in July: Roy Morgan

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

ASIC to crack down on predatory lending

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

‘Urgent need’ to complete e-conveyancing competition reform: Sympli

The lack of an enforced regulatory regime in e-conveyancing has enabled PEXA to monopolise the market and stifled ...

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