Economy

An Australian non-bank lender has recorded a surge in lending to Chinese buyers and says other non-banks are also filling a void created by the major banks.

AMP Capital chief economist Shane Oliver is confident that new Prime Minister Malcolm Turnbull will address Australia's economic challenges.

WA-based lender Goldfields Money has confirmed the termination of David Holden as its chief executive after recently reporting strong growth in lending activity for 2014-15.

Auction volumes have increased across the combined capital cities but total clearance rates remain lower than 2014, according to CoreLogic RP Data.

Two Australian banks and one credit union are working with an Australian fintech company that allows borrowers to set their own home loan rates.

Deloitte Australia CEO Cindy Hook has appointed a former army chief as a special adviser on leadership to further strengthen the group’s commitment to developing leaders.

A new report has found that less than 50 per cent of brokers would actively recommend their main lender to friends and colleagues.

One of Australia’s largest mortgage aggregators has stressed the significance of staying abreast of pricing and policy adjustments as the market comes to terms with daily changes.

The latest labour force figures from the Australian Bureau of Statistics show unemployment fell back marginally over August.

Australian mortgage lenders should look overseas for more innovative solutions to LMI, according to a Deloitte partner.