Economy

The New Zealand government has announced that it would not proceed with the proposal to impose a capital gains tax due to lack of public support.

Westpac and the Commonwealth Bank’s share of the third-party mortgage market has spiked, in contrast to sharp declines from NAB and ANZ, the latest AFG data has revealed.

A non-major lender has dropped its fixed mortgage rates, becoming the fourth lender to reprice its offerings over the past two weeks.  

The interest lenders earn on mortgages is expected to remain under pressure this year and next, according to Moody’s.

Policymakers have been urged to “tread carefully” before making regulatory changes in the mortgage industry, with the latest AFG data reporting a 15 per cent annual decline in home loan ...

SME lender Judo Capital is set to be granted a banking licence this week and will begin offering consumers retail deposits in addition to its core SME lending offering.

One in four small businesses has been knocked back from the banks for financing, with one in three saying that they had to resort to borrowing from friends or relying on credit cards, new ...

Stagnating house prices have contributed to an improvement in housing affordability in March, according to Moody’s.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

The third-party mortgage and advice business is one step closer to securing a $300 million RMBS warehouse facility after it entered into a non-binding agreement with an unnamed funder.