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Economy

Bank satisfaction rises for first time since RC kick-off

Satisfaction in Australia’s banks has reported the first monthly improvement since the start of the financial services royal commission, according to the latest figures from Roy Morgan.

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Christmas credit binge leaves Aussies deep in debt

Australians are expected to be close to $30 billion-deep in debt off the back of record-high spending over Christmas, new research has revealed. 

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Bank drops owner-occupier rates

A non-major lender has announced variable and fixed rate reductions to its owner-occupier home loan offerings.

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CBA loan growth outpaces big bank competition

The Commonwealth Bank’s owner-occupied lending portfolio grew by $1.4 billion in the month to 30 November outpacing its biggest competitors, according to APRA’s latest banking statistics.

CBA loan growth outpaces big bank competition
Emergency services workers lacking banking support

Emergency services workers have been underserved by financial institutions, with almost half stating that they would like more support from their bank, according to new research.

mortgagebusiness
House values plunged by 4.8% in 2018

The Australian housing market last year reached its weakest point since 2008, CoreLogic has said.

House values plunged by 4.8% in 2018
What Gen Z wants from mortgage brokers

The kind of service Generation Z expects from brokers could differ from previous generations, in part because they were raised during a period of significant technological change, according ...

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Over 900,000 IO loans to expire from this month

More than 900,000 interest-only (IO) home loans approved in 2014-15 will expire from this month, reverting to principal and interest (P&I) payments, according to an analysis by finder

Rising cost
Delinquencies to rise in 2019: Moody’s

Mortgage arrears are set to rise in 2019 off the back of softening market conditions, rising interest rates, and high household indebtedness, according to Moody’s.

mortgagebusiness
APRA authorises new foreign bank

The prudential regulator has announced that it has authorised a new Chinese-based bank to operate in Australia.

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