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Economy

Non-bank eyes prime space in new mortgage market push

A non-bank lender has unveiled plans to expand its home loan offerings after securing $250 million in funding from Goldman Sachs.

Adam Moore
Housing remains ‘severely unaffordable’ despite correction

The recent downturn in the property market has not been enough to ease affordability pressures, with Australia’s housing remaining among the least affordable in the world, new research has ...

Housing decline
Judo Bank touches $1bn in deposits

The SME challenger bank has hit the $1-billion mark in deposits, nine months after receiving its banking licence.

Cash
Home loan switching rates stumble

The level of refinancing activity has dipped across both the owner-occupied and investor segments of the mortgage market, according to the latest ABS data.

Home loan switching rates stumble
Volt closes $70m equity raise

The neobank has closed a Series C equity funding round, reportedly surpassing its target by $10 million.

Volt Bank
Housing recovery ‘squeezing’ FHBs out of the market

The number of housing finance commitments from first home buyers has fallen for the second consecutive month, new ABS data has revealed, with analysts linking the trend to the resurgent ...

Home for sale
Wisr raises $33.5m to fund expansion

The neo-lender has successfully completed its capital raise designed to fund the acceleration of its growth strategy.

Wisr CEO Anthony Nantes
Volt Bank welcomes international adviser

The neobank has announced that Julian Sawyer, the co-founder of UK neobank Starling, has been appointed as a long-term adviser for Volt Bank.

Volt
HashChing completes capital raise, revamps offering

The mortgage marketplace has announced that it has completed a capital raise designed to fund a shift in the group’s strategic direction.

Arun Maharaj
Resource states help trigger dip in arrears

An improvement in credit quality across Australia’s resource states has contributed to an overall decline in home loan delinquencies, according to the latest data from S&P.

Resource states help trigger dip in mortgage arrears
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