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Economy

Personalised interest rates the way of the future: PwC
1 September 2015
mortgagebusiness

The use of algorithms to personalise loan structures could reshape the Australian personal lending market, according to PricewaterhouseCoopers.

Westpac clears APRA investor cap
1 September 2015
mortgagebusiness

Westpac has managed to curb its investor loan growth below 10 per cent and in line with the regulator’s requirements.

Banks reducing suburban retail footprint
1 September 2015
mortgagebusiness

More banks are downsizing their physical occupancies in suburban areas amid the rise of online shopping and banking, according to property multinational CBRE.

Another rate cut forecast for 2015
1 September 2015
mortgagebusiness

The odds of a further cash rate cut this year are growing, with predictions it could happen as early as today, according to financial comparison website RateCity.

Former ASIC insider calls out banks' vertical integration 'shame'
31 August 2015
mortgagebusiness

Vertical integration remains problematic for Australia's financial services industry, with "sufficient shame" not yet applied to the banks and to their chief executives, according to one ...

Hockey flags offshore investment risks
31 August 2015
mortgagebusiness

Increased investment in offshore regions such as Asia by Australians could pose a high risk for Australian businesses and Australian jobs, Treasurer Joe Hockey has warned practitioners.

Bendigo Bank lifts investor loan rates
28 August 2015
mortgagebusiness

The regional bank has raised its investor home loan rates just weeks after announcing that it would hold off on mortgage repricing.

AMP Bank appoints new boss
27 August 2015
mortgagebusiness

AMP Bank has just announced the appointment of a new managing director.

Pepper announces first profit result since float
27 August 2015
mortgagebusiness

Pepper Group has announced its first profit result since listing on the ASX on 31 July.

RBA exposes ‘intertwined nature’ of SMEs and mortgages
27 August 2015
mortgagebusiness

The Reserve Bank of Australia has released an extensive report examining the nature of SME funding in relation to house prices and home lending.