Economy

Bank of Queensland (BOQ) has appointed a former general manager of CBA and HSBC Bank Australia as its new non-executive director.

An Australian challenger bank has conceded that a contraction in margins forced lenders across the industry to reprice their investor home loans earlier this year.

Housing affordability in Australia has deteriorated significantly over the 12 months to October 2015, increasing the risk of delinquency and default.

Australia’s leading economists have expressed their fears for off-the-plan property following speculation that a default crisis could be on the horizon.

The governor of the Reserve Bank of Australia has predicted that global interest rates will remain low for the better part of the next decade.

Listed non-bank lender Homeloans has explained how it plans to continue differentiating itself in the market against ongoing pricing and policy changes.

Credit ratings agency Standard & Poor’s (S&P) has affirmed the “strong” ranking assigned to non-major lender IMB as a prime residential loan servicer.

Fintech lender Spotcap has announced it is now integrated with all six of Australia’s accounting software solutions, and has increased its maximum loan amount.

Diversified financial services firm FlexiGroup has announced the appointment of its new chief executive.

The chief financial officer of Australia’s largest lender has clarified the bank’s stance on lending to foreign investors and the impact they are having on certain segments of the market