Economy

Stagnant housing market activity is expected to prolong the stay of borrowers in arrears, with the forecast fall in home values to be among the sharpest in the world, Fitch Ratings has ...

The non-bank sector is expected to “lead the way” in 2019, after issuing more than 60 per cent of new home loans in 2018, according to Standard & Poor’s.

The volume and value of new residential buildings fell in the September quarter 2018, reflecting the “softening” housing market the HIA has said.

First home buyers have continued their surge into the home loan space, with their market share increasing to its highest level since 2012, according to an analysis of new ABS data.

The non-major bank has announced that it is now fully compliant with obligations under the mandatory comprehensive credit reporting regime.

Australians increasingly believe it is the “time to buy” property, but the improvement in sentiment has not translated into a rise in demand for finance, according to Westpac research.

The neobank has launched its second equity crowdfunding campaign, with the goal of raising up to $5 million to fund its ambitions in the local market.

The founder and CEO of Xinja, Eric Wilson, has responded to comments made by Heritage CEO Peter Lock, who dismissed neobanks as legitimate alternative to the big four.

Expectations of a cut to the official cash rate from the Reserve Bank have intensified amid a second wave of out-of-cycle mortgage rate hikes. 

New calls have been issued for the finance industry to change its mindset and embrace “greater collaboration” to leverage the full potential of artificial intelligence and machine learning ...