Economy

Australia’s banks have only utilised approximately 14 per cent of the Reserve Bank’s $90-billion term funding facility, which is set to expire in just over three months.

The customer-owned bank has launched a new initiative to support charities experiencing funding difficulties as a result of the COVID-19 crisis.

A lender has lifted rates by up to 40 bps across both its owner-occupied and investment home loan products amid cuts from its competitors.

The federal government has made key clarifications to its HomeBuilder package, which has been welcomed by an industry association.

The global investment manager has made an internal appointment to the role of CEO, as current CEO Adam Tindall retires from his role.

A big four bank has announced rate reductions on both fixed and variable rate home loans as it prepares for a second wave of applications from the federal government’s FHB scheme.

The unemployment rate has exceeded 7 per cent for the first time in almost 20 years, after over 200,000 Australians lost their jobs in May.

The major banks have nabbed the vast bulk of home lending flows in the wake of the COVID-19 crisis, thanks to an influx in refinance applications from borrowers lured by cashback offers, ...

Prospective home buyers have been cautioned against hastily entering relationship-based borrowing arrangements to secure a mortgage amid an improvement in housing affordability.

Wisr has announced that its June quarter results should be largely shielded from the impact of COVID-19, as both loan originations and hardship request figures return to pre-COVID levels.