Economy

Bank profits hit by $25bn dive in mortgage approvals
21 March 2019
Suburbs

The banking sector has collectively recorded a sharp year-on-year contraction in new home loan settlements in light of tighter credit conditions and reduced demand for housing, new APRA data ...

ABA consults on dealing with vulnerable customers
21 March 2019
mortgagebusiness

The ABA has launched a consultation on formulating a new guideline for how banks deal with vulnerable customers.

‘Overstated’ housing downturn darkens RBA outlook
20 March 2019
RBA

A global market analyst has urged observers not to “overstate” the extent of the housing downturn, despite the RBA claiming that it has provoked “considerable uncertainty” in the market

LandMark White reinstated to major bank panel
20 March 2019
Keith Perrett

A big four bank has resumed business with the embattled residential property valuations firm, following a cyber attack that exposed the private information of financial services customers.

Fixed rate borrowers facing 52bps hikes
19 March 2019
mortgagebusiness

Home loan interest rates can rise 43 to 52 basis points on average once fixed rate terms end, unless borrowers proactively negotiate, a new analysis has found.

73% of Aussies unaware of their credit score
19 March 2019
73% of Aussies unaware of their credit score

Almost three-quarters of Australians do not know their credit score, according to a new survey conducted by Finder.

Length of housing slump approaching historical levels
18 March 2019
Suburbs

The downturn in national home values is two months away from becoming the longest correction in history, according to a CoreLogic analysis.

Wholesale funder lifts rates as out-of-cycle hikes continue
15 March 2019
Money and percentage

A mortgage funder has succumbed to funding cost pressures, hiking variable mortgage rates by up to 15 basis points for both new and existing home loan customers.

Banking royal commission impacting stress and job security
15 March 2019
Courtroom

More than a quarter of financial service workers in Australia find their job “extremely stressful” and are less confident of their job security, new research has found.

LandMark White CEO resigns following data breach
14 March 2019
Chris Coonan

The CEO of the ASX-listed property valuations company has resigned in lieu of “major reputational” damage caused by a cyber attack that exposed the private data of financial services ...