Economy

Almost half of prospective home buyers are unfamiliar with key mortgage terminology, according to new Westpac research.

Small businesses would be “unjustifiably disadvantaged” if limited recourse borrowing arrangements were to be abolished, the CEO of a commercial property lender has warned.

This year’s Easter auction volumes were the lowest since 2012, with Sydney and Melbourne reporting the sharpest falls, according to the latest figures from CoreLogic.

A big four bank has cut its mortgage rates by up to 36 basis points, becoming the third major lender to reprice its home loan products over the past two weeks.

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.