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Economy

RBA notes ‘subdued’ business loan activity

The central bank has noted that business lending has been “subdued” due to uncertainty and weak economic conditions and a “tightening” in the supply of credit.

RBA notes ‘subdued’ business loan activity
Value of housing stock falls by $98bn

COVID-induced housing market weakness across Australia’s capital cities triggered a $98-billion slide in the total value of residential dwellings, new ABS data has revealed.

Value of housing stock falls by $98bn
Major bank reports ‘ferocious’ cyber attacks since COVID-19

A big four bank has said that it has been fighting millions of “ferocious” cyber threats and seen a 78 per cent increase in fraud attempts over recent months.

Major bank reports ‘ferocious’ cyber attacks since COVID-19
Bulk of deferral customers restart payments: CUA

The customer-owned bank has reported that around 95 per cent of home loan customers whose payment pause has expired have returned to full payments.

Bulk of deferral customers restart payments: CUA
Melbourne auction market in hibernation

Auctions activity in Melbourne plummeted to a new record low last week as the city remains in lockdown, according to CoreLogic.

Melbourne auction market in hibernation
How to know whether your website converts or loses new business

Promoted by Social Broker There’s no doubt mortgage and finance brokers are among the best in the business when it comes to harnessing word-of-mouth referrals. But customers are still going ...

How to know whether your website converts or loses new business
Deferral exits surpass new deferrals for first time

The volume of loans that exited or expired repayment deferrals outweighed new or extended loans for the first time since COVID-19 support packages launched, according to new data.

Deferral exits surpass new deferrals for first time
Melbourne CBD faces $110bn hit over next 5 years

Melbourne’s Central Business District could have its economic output reduced by up to $110 billion over the next five years as a result of the restrictions put on the region due to the ...

Melbourne CBD faces $110bn hit over next 5 years
Resimac issues NZ$300m RMBS

The non-bank lender has priced its first RMBS transaction in the New Zealand market for 2020.

Resimac issues NZ$300m RMBS
Wisr makes two executive appointments

The neo-lender has made two appointments in the newly created roles of chief product officer and chief strategy officer.

Wisr makes two executive appointments
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