Economy

UBank partners with fintech to facilitate AI integration
30 December 2019
Partnership

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

Home values bounce across most regions
30 December 2019
Regional town

Over half of regional markets analysed by research group CoreLogic have experienced annual dwelling value increases, partly driven by increased investment interest from capital city ...

Non-banks urged to service ‘unmet demand’ for debt funding
27 December 2019
Debt funding

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

Aussies value travel over home ownership
27 December 2019
Aussies value travel over home ownership

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.

2019 was the year of records: CoreLogic
24 December 2019
mortgagebusiness

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.

YBR executive chairman deed renewed
24 December 2019
mortgagebusiness

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” ...

Major banks maintain share of new loans
20 December 2019
NAB CBA Westpac ANZ

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.

RBA to ‘reassess’ environment in February
20 December 2019
RBA

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.

Major bank announces leadership change
18 December 2019
ANZ

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

Home loan competition heats up as switching rates bounce
18 December 2019
Home loan competition

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