Economy

Western Australia is emerging as one of CUA’s fastest-growing home loan markets, despite a sluggish property market.

Boom conditions in Sydney and Melbourne have concealed price falls in the rest of Australia during the past five years.

The increased integration of other financial products and services is driving up the price of loan books, according to an M&A expert.

Australian economic data from the past week shows the housing recovery is continuing, according to AMP Capital chief economist Shane Oliver.

Aussie Home Loans has recorded the highest number of monthly customer enquiries for home loans in the group’s history.

Property price growth has started to look very modest throughout Australia, with the notable exception of Sydney.

Falling interest rates are driving demand for refinancing as borrowers consider whether they are paying too much for their mortgage.

Non-bank lender Resimac has announced the appointment of three additional BDMs and a state manager for Victoria.

Record mortgage volumes and the strong demand for Sydney property will not prevent the Reserve Bank from cutting the cash rate, according to a leading economist.

A major lender has argued that raising mortgage risk weights to narrow the difference between IRB-accredited banks and those using standardised risk weights would not level the playing field ...