Economy

The Treasury has released its final report on the review into open banking, with one of its claims being that the said banking model will “significantly ease” the process of applying for a ...

A non-major lender is planning to expand its investment and interest-only portfolio after experiencing a sharper than expected decline in volume in the first half of the 2018 financial year

Investors may be permanently dropping out of the residential lending market, according to an analysis of new data from the Australian Bureau of Statistics.

The central bank has reiterated its concerns over record high levels of household debt and said that it has no plans to lift rates in the near future.

The Productivity Commission’s scathing report on the mortgage industry reveals a significant lack of research and a pressing need for more accurate data.

Lenders are charging borrowers with unnecessary premiums, leaving them thousands of dollars out of pocket, according to the Productivity Commission.

The LMI provider has set up an offshore operation in Bermuda as part of a broader work program to redefine its core business model.

The Productivity Commission estimates that lending curbs imposed by the banking regulator have cost Australian taxpayers $500 million a year, increased bank profits and reduced competition

CBA chief Ian Narev repeatedly highlighted the “extremely strong growth” and “pretty low” barriers to entry of non-bank lenders during a recent media briefing.

Housing completions in New South Wales are falling short of rising demand driven by population growth.