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Economy

Heritage Bank names new CEO

The former managing director of St. George Bank in Victoria has been appointed chief executive of ASX-listed Heritage Bank.

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ANZ announces new chief executive

One of Australia's big four banks has today announced a new chief executive officer.

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Teachers Mutual grows mortgage book by more than 12%

Teachers Mutual Bank has delivered a strong profit result for the 2015 financial year driven by a significant increase in residential mortgage lending.

mortgagebusiness
CPDone platform goes global

Australian-based technology company CPDone has released the latest version of its cloud-based broker software, which has attracted interest from overseas clients.

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BOQ reclassifies home loan data

Bank of Queensland (BOQ) has announced it has reclassified certain home loan data previously provided as part of its regulatory obligations.

mortgagebusiness
Mortgage stress more than doubles for FHBs

A new report has found that the number of first home buyers who experience mortgage stress has climbed drastically over the last six months.

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Credit card providers are exploiting consumers: Flavell

Mortgage Choice CEO John Flavell has backed the federal Treasury’s view that credit card providers are exploiting “consumer inattention” to keep interest rates higher than necessary.

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Melbourne continues to dominate auction market

Melbourne has recorded a higher clearance rate than Sydney, as well as the national average, for the fifth consecutive week.

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Sydney land release could spell disaster for investors

New land releases in a capital city’s fringe, aimed at reducing housing undersupply and affordability issues, could hurt investors in the region.

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Major banks offer best value low-docs: Canstar

A new report by Canstar has found that two of the big four banks offer the best value low-doc loan products in a market that has traditionally been the speciality of non-bank lenders.

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