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Economy

Big 4 setting 10 bps cap on pricing competition
3 December 2019
Bendigo CEO Marnie Banker

The chief executive of a non-major bank has lamented the current regulatory environment, which she has claimed enables the major banks to dictate home loan pricing behaviour.

Regional bank CEO urges level playing field
3 December 2019
Suncorp

Regional banks are being “squeezed” by the regulatory advantages afforded to the major banks and non-bank lenders, according to Suncorp Group.

Slide in housing approvals prompts call for policy action
3 December 2019
Construction

A sharp dip in residential dwelling approvals has sparked calls for policy reform amid fears that supply and demand imbalance would lead to further deterioration in housing affordability

Falling house listings add ‘sense of urgency’
29 November 2019
Falling house listings

Record-low property listings across Australia, coupled with rising buyer demand, have increased competition among buyers and contributed to price growth.

Investors using rate cuts to pay down mortgage
29 November 2019
Investors prioritising mortgage repayments

Property investors have responded to historically low interest rates by paying down their mortgage debt rather than funding new ventures, according to an industry stakeholder.

Uno partners with real estate platform
29 November 2019
Uno partners with real estate platform

The online brokerage has partnered with real estate platform Soho, allowing users of the site to instantly check the competitiveness of their home loan rate.

Unconventional tools out of the question, for now: RBA
28 November 2019
Philip Lowe

Unconventional monetary policy is “extraordinarily unlikely”, RBA governor Philip Lowe has said, in response to growing speculation of a move towards negative interest rates or quantitative ...

Construction weakness moderates in third quarter
28 November 2019
Construction

The total value of construction activity fell over the past quarter, albeit below market expectations.

BOQ completes first phase of capital raising
27 November 2019
Bank of Queensland

The non-major bank has raised $250 million in capital, following the completion of a share placement designed to bolster its capital position.

AFCA appoints new general counsel
26 November 2019
AFCA

The financial disputes body has announced the appointment of Anna Campbell to a newly created leadership position.