Economy

La Trobe Financial has appointed ANZ’s former deputy chief executive, Dr Bob Edgar, to its board.

The number of homes taken to auction across the nation has increased week-on-week and year-on-year, which has significantly bumped up preliminary clearance rates.

Record low mortgage rates and rising property prices are improving households’ comfort with debt in the major cities in Australia even as overall household financial comfort fell ...

A non-major has slashed its floor rate and revised its HEM policy for home loan serviceability assessments.

The association’s CEO has appealed to any small business that has had operations affected by the international outbreak of the coronavirus to contact their bank or lender for assistance.

The number of home loan commitments for first home buyers rose by 6.2 per cent in December, following two consecutive months of decline in activity. 

A 3.8 per cent increase in the non-major’s residential mortgage portfolio and an 8.3 per cent rise in deposits have not been enough to lift its underlying revenue.

A new chair has been appointed to the association’s Banking Code Compliance Committee, replacing Christopher Doogan.

Consumer sentiment rose 2.3 per cent in February, as public concern over the Australian bushfire crisis and coronavirus outbreak eases.

The rebound in the home loan market has gathered momentum, with investor demand entering positive territory for the first time in two years, new ABS data has revealed.