Economy

A representative from the ACCC has rejected the idea that the impending Consumer Data Right could make the big four banks even more powerful in the mortgage market.

Xinja Bank has announced that it has raised $2.6 million from over 1,500 investors in its second equity crowdfunding campaign.

The central bank has cut the official cash rate for the first time in over two years.  

The central bank has lifted the official cash rate for the first time in over eight years.   

The RBA has determined the official cash rate for March, following its monthly monetary policy board meeting.

Dwelling approvals have recovered slightly but remain 29 per cent lower year-on-year, according to the latest ABS statistics.

A customer-owned bank has announced the appointment of a new chief customer officer who will commence her role in mid-March as the current CCO takes over the reigns as CEO.

Analysts are increasingly expecting the central bank to drop the official cash rate in the coming year, amid continued weaning in the credit and housing markets.

While the vast majority of renters in Australia aspire to own their own home, few believe it’s feasible, according to a new survey.

The rise in demand for non-bank-issued mortgages has prompted a call for increased regulatory oversight of the sector to avoid repeating the mistakes that triggered the GFC.