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Economy

Non-bank eyes prime space in new mortgage market push
22 January 2020
Adam Moore

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

Housing remains ‘severely unaffordable’ despite correction
22 January 2020
Housing decline

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 ...

Judo Bank touches $1bn in deposits
22 January 2020
Cash

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

Home loan switching rates stumble
21 January 2020
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.

Volt closes $70m equity raise
21 January 2020
Volt Bank

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

Housing recovery ‘squeezing’ FHBs out of the market
17 January 2020
Home for sale

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 ...

Wisr raises $33.5m to fund expansion
17 January 2020
Wisr CEO Anthony Nantes

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

Volt Bank welcomes international adviser
17 January 2020
Volt

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.

HashChing completes capital raise, revamps offering
16 January 2020
Arun Maharaj

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

Resource states help trigger dip in arrears
16 January 2020
Resource states help trigger dip in mortgage 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.