Economy

SME lender Prospa has established a NZ$45-million funding facility, its first warehouse facility set up specifically to fund small business loans in New Zealand.

ABS data from June has reported an overall increase in lending values, driven by owner-occupiers and first home buyers.

New research has suggested that Australians are more in the know about their home loan rates, but more can be done to improve financial literacy. 

The Tasmanian bank has announced the resignation of its CFO, David Harradine, who has served the company since 2015.

The Reserve Bank’s monetary policy board has lowered the cash rate for the third consecutive month, dropping it to a new record low.  

The central bank has announced its cash rate verdict for the month of August following its monetary policy board meeting.

Small-business loan marketplace ebroker has announced that it has secured a new partnership with a non-bank lender in response to rising demand for asset finance. 

The NSW capital’s auction clearance rate hit its highest point in over two years last month, suggesting a market rebound, a new Domain report showed.

Australia’s five biggest banks have paid a combined $119.7 million in compensation to date to customers affected by non-compliant financial advice.

Join Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.