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Economy

Heritage appoints new operations chief

Heritage Bank has announced the appointment of a new head of banking operations as part of its ongoing growth strategy.

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Fall in business confidence continues

Business confidence has declined for a third consecutive month, but it remains above the level prior to Malcolm Turnbull’s appointment as prime minister.

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Offshore investors to target Canberra

The commercial property market of Australia’s capital city is expected to attract a growing number of offshore investors this year, according to one property group.

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Owner-occupied rates drop 30 basis points

The Reserve Bank of Australia has provided an analysis of pricing and policy changes in the Australian mortgage market in its latest update.

mortgagebusiness
Financial services salaries to be ‘restricted'

Despite an increased demand for employees across the banking and financial services sector, employee salaries are unlikely to change in 2016, according to a recruitment consultancy firm.

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Bank’s mortgage growth slows dramatically

A non-major lender has seen the growth of its mortgage book slow significantly over the past few months.

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Bank welcomes new director

One of Australia’s regional banks has announced the appointment of a new non-executive director.

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Former Banksia boss joins major bank

The former chief executive of Banksia Financial Group has been named the national head of broker distribution for one of Australia’s biggest banks.

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China impact on real estate ‘overblown’

A leading researcher has downplayed the impact of Chinese demand on Australian property following recent speculation that tighter controls from Beijing could rattle local real estate markets

mortgagebusiness
Spotcap raises almost $50m in funding

Fintech lender Spotcap has announced that it has completed a major capital raising with the help of a new shareholder and strategic partner.

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