Economy

The founder and director of a commercial lender has issued a warning over the growing phenomenon of “sleeper risk” loan applicants arising from COVID-19.

The neobank has partnered with Microsoft to develop a banking as a service platform, due to be released in 2021.

The auction market has recorded its highest combined capital city preliminary clearance rate since March, despite record-low auction volumes in Melbourne, according to data.

Fintech lender Lumi has announced plans to raise $20 million in capital to expand its team and market share over the next 12 months.

The onset of the coronavirus pandemic may be leading to a “two-speed rental market”, with inner-city property rental values more likely to fall compared with outer suburbs, according to new ...

The non-major lender is looking to bring in digital signatures and a new home loan platform this year, as it looks to digitise the loan process and help brokers write loans remotely.

The non-bank lender has wound back its serviceability policy after reducing its risk appetite in response to the COVID-19 crisis.

The big four bank has announced the migration of its online business banking tool, NAB Connect, to the cloud.

A sharp increase in new home sales has been attributed to a bump in sentiment from the federal government’s HomeBuilder scheme.

The New Zealand-based financial services group has announced that it has secured new funding for the growth of its Australian reverse mortgage business.