Economy

Aug 19 2019

Virgin Money has decreased fixed rates on a number of mortgages by up to 70 basis points.

Aug 16 2019

Interim CEO of BOQ Anthony Rose has told ASIC that the revised responsible lending guidance must remove incentives for lenders to lower standards in a bid to gain a competitive edge in the ...

Aug 16 2019

Approximately 32 per cent of young Australians expect to purchase a home in the next five years. However, their aspirations are not driving them to take the appropriate steps required to ...

Aug 16 2019

Impact of moderating house prices and the conversion of a large number of interest-only loans on delinquencies will be “limited” in the coming quarters due to “stable” GDP growth, low ...

Aug 15 2019

EXCLUSIVE: A leading economic forecaster has explained that interest rates could come back to bite us when they finally return to normal levels.

Aug 15 2019

A UNSW Business School academic believes Westpac’s victory over ASIC in the Federal Court is a win for common sense and “more in line with the real world”.

Aug 14 2019

Representatives of a fintech lender have told ASIC that borrowers are “consistently understating” their living expenses, and have questioned the effectiveness of the HEM benchmark in ...

Aug 13 2019

The Federal Court has ruled in favour of Westpac in a responsible lending “test case” against the corporate regulator. 

Aug 12 2019

There has been an overall decline in financial comfort levels in the six months to June 2019, with mortgagors particularly concerned with net wealth standings, according to a new survey.