Economy

New Zealand-based lender Heartland Bank has announced changes to its board following the departure of its independent director, Vanessa Stoddart.

Australians are saving 36 per cent more in 2019 than in 2014, while reliance on credit cards has decreased in favour of debit cards, new research has found.

The SME lender has introduced a new junior funding partner into one of its Australian warehouse facilities.

The long-serving chief executive of a NSW-based bank has retired from her role.

A vast majority of Millennials still see owning their own home as an important goal. However, many are still reliant on family for home loan advice, according to a new national survey.

The official cash rate could fall by a further 50 basis points over the first half of 2020, which would see mortgage rates hit new record lows, according to CoreLogic.

Australia can expect further housing supply reforms from the federal government in 2020 as real estate remains high on the political agenda, according to Credit Suisse.

Subdued growth in the domestic economy is set to spur a deterioration in credit quality in 2020, according to Moody’s.

There are currently seven infrastructure projects in Sydney that are due to inflate the property prices of affected suburbs, according to buyer’s agent Rich Harvey.

The digital lender has partnered with an Australian fintech to help drive its push into the AI space.