Business lending

Encouraging regional areas of Queensland to “grow their own” workforces, the Queensland government’s latest initiative sees opportunities for investment in regional businesses.

The Morrison government has released its federal budget for the new financial year, including a range of initiatives targeting home ownership.

Banks continue to build their business loans, with growth in business loans outpacing that of mortgages in July, new APRA data has found.

The arrangement aims to introduce its product across OZEDI’s 50,000-plus customer base.

The major bank’s home loan growth has straggled behind system growth while its business lending has accelerated.

Greater Western Sydney (GWS) has seen a significant uptick in commercial lending over the year, with various factors contributing to a thriving economy.

Fewer borrowers are now requiring financial assistance to meet their loan repayments, according to the banking association.

Both owner-occupier and investment housing lending increased in September, reflecting strong borrower demand boosted by low rates, according to new data.

Broker engagement, turnaround speed and streamlined lending processes are all being prioritised at Suncorp, as the bank swings for a larger slice of the mortgage market.

Artificial Intelligence (A.I), as high-tech as it may sound, has actually been around for more than 60 years.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Two major lenders have announced moves to hasten the process of business lending.

The non-bank lender has launched into residential mortgage lending as it expands its product suite and offering to SMEs.

The major bank’s margins were squeezed by competitive pressures in the home loan landscape, as its book grew by 3 per cent in the 2021 financial year.