Economy

Mar 22 2019

A non-major bank has pledged to provide $3 billion of new credit to small businesses and “increase its appetite for lending with less security”.

Mar 22 2019

The delinquency rate of prime residential mortgage-backed securities in Australia will continue rising in coming quarters, according to Moody’s latest outlook.

Mar 22 2019

Risks associated with the effects of falling home values on mortgage serviceability are “not large enough” to pose a “widespread” threat to financial stability, according to the RBA

Mar 22 2019

The disability housing sector is struggling to secure sufficient finance, with investors perceiving the market as “highly uncertain”, new research has found.

Mar 21 2019

The banking sector has collectively recorded a sharp year-on-year contraction in new home loan settlements in light of tighter credit conditions and reduced demand for housing, new APRA data ...

Mar 21 2019

The ABA has launched a consultation on formulating a new guideline for how banks deal with vulnerable customers.

Mar 20 2019

A global market analyst has urged observers not to “overstate” the extent of the housing downturn, despite the RBA claiming that it has provoked “considerable uncertainty” in the market

Mar 20 2019

A big four bank has resumed business with the embattled residential property valuations firm, following a cyber attack that exposed the private information of financial services customers.

Mar 19 2019

Home loan interest rates can rise 43 to 52 basis points on average once fixed rate terms end, unless borrowers proactively negotiate, a new analysis has found.