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Cash rate to rise to 0.5% by end-2023: ANZ
14 June 2021
Cash rate to rise to 0.5% by end-2023: ANZ

The major bank has forecast an RBA tightening in two steps in H2 2023 to take the official cash rate to 0.5 per cent by the end of 2023.

SA owner-occupied lending hits high
11 June 2021
SA owner-occupied lending hits high

Lending for new South Australian owner-occupier loans is at the highest level since ABS records began in 2003, with a consumer advocate warning of a pending “perfect storm” for borrowers

BNPL ranked 4th most common debt
11 June 2021
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

Refinancing overlooked by established home owners: poll
10 June 2021
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.

Non-major lender adopts digital signatures
10 June 2021
Non-major lender adopts digital signatures

ME Bank has this week begun accepting digital signatures on mortgage documents and removed the requirement for brokers to send a confirmation email.

WA investor loans hit 5-year peak
10 June 2021
WA investor loans hit 5-year peak

The value of housing loans to investors in Western Australia reached $452 million in April, the highest monthly commitment in the past five years, but a new report has forecast the segment ...

PayPal launches credit card
10 June 2021
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.

New home loans rise by 34.4%
9 June 2021
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.

Symple Loans launches Qantas points offer
9 June 2021
Symple Loans launches Qantas points offer

The fintech lender has announced that it is offering Qantas points to borrowers with their personal loans, while a non-bank lender has extended its partnership with the airline.

Westpac Group lifts fixed rates
9 June 2021
Westpac Group lifts fixed rates

Westpac Group has announced hikes to its two- and three-year fixed interest rates for owner-occupier loans, adding that the decision “has not been taken lightly”.