Economy

Australia’s prudential regulator has clarified that, contrary to the views expressed by some analysts, the average balance of housing loans is not representative of the level of household ...

The member-owned bank has announced changes to its residential mortgage lending policy in response to APRA’s new guidance.

The major bank has announced that it has completed the sale of its stake in ANZ Royal Bank to a Japanese trust. 

The proportion of home owners considering an upsize has more than doubled over the past year, according to new Westpac research.

The Federal Court’s decision to dismiss ASIC’s responsible lending case against Westpac could lead to an overhaul of credit practices in the mortgage industry, according to one analyst

The head of the Australian Banking Association has said that “really strict” serviceability assessments have resulted in poor customer outcomes. 

Strong employment growth will take pressure off the Reserve Bank, but “significant spare capacity” remains in the labour market.

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

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 ...

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 ...