Economy

Prospa receives funding boost
20 February 2020
Prospa receives funding boost

The non-bank has announced the introduction of a new funding partner for one of its warehouse facilities.

Non-major cuts variable mortgage rates
19 February 2020
Non-major cuts variable mortgage rates

The bank has announced out-of-cycle reductions to its variable owner-occupied home loan offerings.

New player eyes ADI space
19 February 2020
mortgagebusiness

A new fintech has officially launched to the public with ambitions to join the “banking revolution”.

Bendigo Bank completes $250m raising
19 February 2020
mortgagebusiness

The non-major has completed the first round of its capital raising, partly aimed at funding its home-lending strategy.

Young Aussies still believe in home ownership dream
19 February 2020
mortgagebusiness

Millennials are among the most optimistic age group to believe that home ownership remains achievable for them, and are willing to make sacrifices in order to achieve it, new research has ...

Ex-ANZ deputy CEO joins La Trobe Financial
18 February 2020
Dr Bob Edgar

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

Auction clearance rates spike year-on-year
18 February 2020
Auction

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.

Low rates, rising house prices ease debt woes
17 February 2020
mortgagebusiness

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 ...

Bank cuts floor rate, amends HEM policy
17 February 2020
mortgagebusiness

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

ABA backs small businesses affected by coronavirus
17 February 2020
mortgagebusiness

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.