Economy

Concerns about rising mortgage debt among Australians aged 55-plus have been mounting, with a new report stating that loan balances have ballooned by 600 per cent since the late 1980s.

The Federal Court’s decision to dismiss ASIC’s responsible lending case against Westpac has come under fire, amid concerns that it would set a precedent whereby lenders are not required to ...

BNK Bank has announced the appointment of a new non-executive director to its board.

The supply of new homes is expected to reach its low point soon if economic activity improves, dwelling prices stabilise, and credit tightening eases, according to the Housing Industry ...

The CEO of an ASX-listed mortgage business has seen demand for housing loans “rise significantly” in response to the recent shift in sentiment.  

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