Economy

Non-bank lenders have been encouraged to capitalise on growing opportunities in the debt financing space.

A third of Australians are choosing travel over home ownership, with more than half of young adults saying they’d rather be well travelled than own a home.

The property research group has dubbed the year 2019 as “the year when new records were set”, given the corrections and changes in the housing market.

The financial services business has announced that executive chairman Mark Bouris will continue in his position on the board for a two-year period to help the company face “uncertainty” ...

The big four banks’ share of the mortgage market has held firm amid a continued rise in demand for housing finance, ABS data has revealed.

The central bank’s board has stated that it would “reassess the economic outlook” in February amid growing expectations of additional cuts to the cash rate.

The board of ANZ Bank New Zealand has appointed Antonia Watson as CEO.

The rate of borrowers refinancing their mortgage with another lender has increased for the fifth consecutive month, new ABS statistics have revealed.

The growing availability of consumer data is threatening the banking sector’s “historic advantage” in the credit risk assessment space, according to the RBA.  

ASIC has signed off on the updated version of the ABA’s Banking Code of Practice, which aims to better align with recommendations passed down by commissioner Kenneth Hayne.