Economy

CoreLogic announces new GM appointment
15 June 2020
Shelley Horton

Property research group CoreLogic has announced the appointment of Shelley Horton as its new general manager of valuation solutions Australasia.

Stimulus wanes bank dependence on foreign funding
12 June 2020
Stimulus

The ratings agency has lauded the federal government’s policy response to the COVID-19 crisis, which it claimed has “improved financial stability” in the banking sector.

HomeBuilder scheme hotspots revealed
12 June 2020
HomeBuilder scheme hotspots revealed

CoreLogic has released new research that identifies the regions with the most owner-occupied properties that could take advantage of the HomeBuilder renovation package.

NAB ramps up banker training to ‘raise the bar’
12 June 2020
NAB

The major bank has announced a new training initiative aimed at improving professional standards across the industry.

86 400 partners with Zip Co
12 June 2020
86 400 partners with Zip Co

The two tech-driven financial services have announced their new partnership, noting their “shared mission” in making money management easier. 

Mortgage approval ‘backlog’ drives slump in volumes
11 June 2020
Mortgage approval ‘backlog’ drives slump in volumes

“Operational” lags experienced by lenders have contributed to a sharp decline in home loan volumes across the mortgage market, new ABS data has revealed.

Prospa reports strong Q3 but Q4 hard hit by COVID
11 June 2020
Prospa reports strong Q3 but Q4 hard hit by COVID

The SME lender has reported “solid” performance in the March quarter, but revealed it was “materially impacted” by COVID-19 in April and May, originating just over $8.7 million in that ...

Bank profits fall 14% despite $16bn rise in approvals
10 June 2020
Bank profits fall 14% despite $16bn rise in approvals

Australia’s banking sector has taken a collective hit to its bottom line, despite a 20 per cent increase in residential mortgage volumes, new APRA data has revealed.

Auction volumes dipped ahead of long weekend
10 June 2020
Auction volumes dipped

The number of properties taken to auction took a dive over the last week, as the country prepared for the Queen’s Birthday public holiday.

ACCC delays non-major CDR obligations
9 June 2020
ACCC delays non-major CDR obligations

The consumer watchdog has made an exemption that allows for the delay of non-major banks’ Consumer Data Right obligations.