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New FHLDS price caps welcomed

Increased property price caps for those purchasing homes using the First Home Loan Deposit Scheme and the Family Home Guarantee from 1 July 2021 have been welcomed by industry.

New FHLDS price caps welcomed
CBA sells general insurance business

CBA has sold its Australian general insurance business to South African insurer Hollard Group and entered a 15-year distribution deal.

CBA sells general insurance business
LATEST PODCAST: BOQ-ME Bank deal gets the green light

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: BOQ-ME Bank deal gets the green light
Challenger poised to expand MyLife MyFinance lending

As it waits for APRA to approve its acquisition of MyLife MyFinance, Challenger has flagged plans to expand the bank’s lending remit to corporate property and SME finance.

Challenger poised to expand MyLife MyFinance lending
Majority of Aussies’ finances unchanged through COVID

Around one-fifth of Australians have seen their household finances worsen over the year to May, but 60 per cent have reported no change, according to the Australian Bureau of Statistics.

Majority of Aussies’ finances unchanged through COVID
LATEST PODCAST: The REA-Mortgage Choice deal pushes forward

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

LATEST PODCAST: The REA-Mortgage Choice deal pushes forward
BNPL ranked 4th most common debt

Outstanding payments for buy now, pay later products is now the fourth most common type of debt held by consumers, with new research showing it is retained by nearly one in five Australians

BNPL ranked 4th most common debt
Refinancing overlooked by established home owners: poll

Despite record-low interest rates, a new survey has found that more than half of Australians who have owned a property for more than five years have not considered refinancing.

Refinancing overlooked by established home owners: poll
PayPal launches credit card

Online payments giant PayPal is set to roll out its first credit card in Australia, reporting user demand for physical plastic.

PayPal launches credit card
New home loans rise by 34.4%

APRA recorded close to $130 billion in new residential mortgage loans during the March quarter, around a third more than the year before.

New home loans rise by 34.4%
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