Economy

Signs point to ‘solid selling season’: ME
6 September 2019
Signs point to ‘solid selling season’: ME

The outlook for the property market is looking brighter, with ME’s general manager of home loans, Andrew Bartolo, suggesting that there are “many signs pointing towards a solid selling ...

Cash rate to hit ‘lower bound’ by May
6 September 2019
RBA

The Reserve Bank has “little choice” but to drag the cash rate closer towards zero in the medium term, according to ANZ Research.  

Former Suncorp CEO joins Bendigo Bank’s board
5 September 2019
Bendigo Bank

Bendigo and Adelaide Bank has announced the appointment of the former chief executive of Suncorp Bank to its board.  

Banks to face court over ‘unfair’ credit contracts
4 September 2019
Banks to face court over ‘unfair’ credit contracts

ASIC has launched civil proceedings against two non-major lenders over the alleged application of “unfair” credit contract terms.  

Wisr loan originations up 281% in FY19
4 September 2019
Growth

Wisr has reported that loan originations had nearly quadrupled in the “pivotal” 2019 financial year.

IMB bolsters mortgage book amid ‘challenging environment’
4 September 2019
Growth

The mutual bank has reported 7 per cent growth in its home lending portfolio and has bolstered its bottom line despite “challenging” market conditions.

Cash rate hits new low
3 September 2019
Cash rate hits new low

The central bank has taken markets by surprise, cutting the official cash rate for the third time in four months.

Cash rate decision announced
3 September 2019
Cash rate decision announced

The Reserve Bank has revealed its cash rate verdict for September, following its monthly board meeting.

Credit curbs in sight as housing rebound accelerates
3 September 2019
Tim Lawless

Regulators could consider a fresh round of macro-prudential measures to keep debt levels at bay, according to one analyst, amid the growing possibility of a “V-shaped” recovery in the ...

BOQ announces resignation of interim CEO
3 September 2019
Anthony Rose

The non-major has announced changes to the bank’s leadership transition plans, following the resignation of its acting chief executive.