Economy

Bank CEO and MD resigns
5 December 2018
Bank CEO and MD resigns

The chief executive officer and managing director of a non-major bank has resigned from his role to focus on his long-term health.

Major banks hit hard by credit crunch
5 December 2018
Red arrow down decline

Three of the big four banks have reported a decline in owner-occupied mortgage growth totalling $9.8 billion over the past 12 months, according to the latest data from the prudential ...

Non-bank to roll out ‘green mortgage’ scheme
5 December 2018
mortgagebusiness

A non-bank mortgage lender has announced that it has completed its inaugural Green Bond issuance and is looking to launch a new scheme that will offer borrowers incentives to take out green ...

Negative equity a concern for majority of newcomers
5 December 2018
mortgagebusiness

Over 60 per cent of home buyers who purchased their property over the last three years are worried about owning more than their home is worth, according to a new survey by ME.

Shock as RBA stuns the market with its December rate call
4 December 2018
mortgagebusiness

The Reserve Bank announced its cash rate decision for the month of December this afternoon, leaving most experts scratching their heads as the property market continues to cool despite ...

RBA announces pre-Christmas cash rate
4 December 2018
RBA announces pre-Christmas cash rate

The Reserve Bank announced its cash rate decision for the month of December this afternoon, set against a backdrop of a property market that continues to cool despite record low rates. 

Surprise as RBA makes December rate call
4 December 2018
mortgagebusiness

The Reserve Bank announced its cash rate decision for the month of December this afternoon, catching most experts off guard as the property market continues to cool despite record low rates

Mutual bank eyeing 26% loan growth in 2019
4 December 2018
Mutual bank eyeing 26% loan growth in 2019

The general manager of a customer-owned bank is confident that the lender can replicate the 26 per cent lending growth it reported over the past 12 months, as the bank continues its ...

Drop in home prices sharpest since GFC
4 December 2018
mortgagebusiness

The fall in home values across Sydney and Melbourne has continued to accelerate the slump in the Australian housing market, according to the latest data from CoreLogic.

Credit squeeze not helping cooling markets: CoreLogic
3 December 2018
mortgagebusiness

Dwellings are taking longer to sell across the nation as the housing market continues to weaken, according to the latest CoreLogic data.