Economy

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.

The number of homes taken to auction across the nation almost doubled week-on-week, following on from a seasonal lull in auction activity so far in 2020.

Westpac Group has announced a range of support measures for business customers financially affected by the coronavirus outbreak, including loan deferrals and extensions.

Loyal investors have been hit hardest by the pricing gap between new and existing customers, new data has revealed.

There’s a “high chance” that quantitative easing will be required following additional cuts to the cash rate, despite the RBA’s “upbeat” economic outlook, according to one senior economist

A big four bank has updated its home loan serviceability assessment policy for the second time in response to APRA’s regulatory amendments.