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Housing commencements forecast to ease

The current residential building cycle may have peaked in 2016, while the level of detached and multi-unit house-building might gradually decline in the coming years, according to the HIA

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APRA under pressure to curb lending as Sydney booms

Booming property prices in Sydney show no signs of cooling, leading CoreLogic to believe that the banking regulator won’t be able to get out of 2017 without taking some serious action.

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ASIC takes major bank to court over home lending

ASIC has today commenced civil penalty proceedings in the Federal Court against a big four bank for a number of contraventions of the responsible lending provisions of the National Consumer ...

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Fintechs welcome to ‘eat our lunch’, says ANZ

The CEO of one of Australia’s major lenders has emphasised that “big banks don’t have to hold on to everything”, and fintechs are welcome to share the market to promote a more competitive ...

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Lenders crowned at Fintech Business Awards

The winners of Momentum Media’s Fintech Business Awards 2017 have been announced, acknowledging the achievements of the industry’s leading lights.

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Fintech lender secures $25m in funding, hits major milestone

An online SME lender has secured $25 million in growth funding and revealed that it has passed $250 million in total loans written for Australian small business.

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APRA announces fresh guidance on mortgage lending

The prudential regulator has today updated its expectations for sound residential mortgage lending for Australian banks.

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Investor lending squeeze ‘biggest concern’ for property professionals

Property professionals’ main concern for 2017 is the tightening of investor lending, followed by rising interest rates, a recent survey of the industry has revealed.

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CBA’s ‘politically unpalatable’ repricing may not be enough

Morningstar analysts believe more rate hikes may be required for Australia’s largest mortgage lender to combat pressure on its net interest margin (NIM).

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Lending surges 40% for challenger bank

A non-major lender has posted a record half-year profit driven by a strong lift in lending over the six months to 31 December 2016.

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