Economy

Owner-occupiers spur improvement in arrears
18 November 2019
mortgagebusiness

National home loan delinquencies have improved, with only three states reporting arrears increases, according to the latest data from S&P.

Non-bank CEO rejects ‘curious’ call for competitive neutrality
15 November 2019
James Boyle

The chief executive of Liberty Financial has dismissed calls for a “level playing field” between banks and non-banks.

BankSA, BOM, St.George introduce digital signatures
15 November 2019
BankSA, BOM, St.George introduce digital signatures

The Westpac group subsidiaries have all announced that they will offiically introduce e-sign capabilities to enable eligible customers to receive, accept and return their home loan offer ...

Housing costs drop to 10-year low
14 November 2019
Housing costs drop

Home owners and renters are spending the lowest proportion of their income on housing in more than a decade, according to new research.

Older home owners slow to move
14 November 2019
Older homeowners

Older Australians are less inclined to sell up and leave the family home, despite government incentives to do so, according to a new report.

No respite for RBA as weak wages growth continues
14 November 2019
RBA

The Reserve Bank is set to continue carrying the burden of stimulating consumer spending, amid continually weak wages growth, according to AMP’s senior economist.

Women more likely to own a home than men
13 November 2019
Women more likely to own a home than men

Women are more likely to enter the property market, and do so at a younger age, than their male counterparts, according to newly released ABS data.

Banking competition ‘not unambiguously positive’: APRA
12 November 2019
Wayne Byres

APRA chair Wayne Byres has flagged the potential downsides to greater competition in the banking sector, making particular reference to risks associated with a “competitive spirit” in the ...

Banks rally in aid of bushfire victims
12 November 2019
Bushfire

Several banks have announced disaster relief packages for customers affected by bushfires in NSW and Queensland.  

Pepper issues $750m PRS
12 November 2019
Pepper Money

The non-bank has priced its second PRS for 2019, issuing $750 million of bonds backed by Australian mortgages.