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NAB restores home loan volume growth to system levels

Big four bank NAB says its home loan volume growth is now “broadly in line with system” following a period of below-system growth. 

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Peer lending surges as investors dodge banks

Buoyed by dissatisfaction with the banks and an enduring ‘lower for longer environment’, peer-to-peer lending is proving a popular alternative for investors.

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Lending curbs slammed amid ‘significant risks’ in investor housing

A leading mortgage market analyst says lending standards are not as strong as they should be and that loans written just a few years ago when lending standards were “weak” pose a significant ...

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Mortgage lending on APRA radar amid ‘heightened risks’

APRA boss Wayne Byres has confirmed that the regulator is considering how stronger lending standards can be firmly embedded into the mortgage industry as risks in the housing market “remain ...

mortgagebusiness
Rentals remain ‘fairly stable’ across most cities

Vacancy rates across capital cities are “tight” despite a “glut of new developments”, however the overall national supply of rental properties remains “fairly stable”, a report has revealed

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Lender announces discounted home loan rates

Suncorp Bank has announced changes to its retail home lending special offers, improving variable discounts for new customers.

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Major cities may see off-the-plan purchases fail

The Reserve Bank of Australia has warned that the “foreshadowed risk of oversupply in some apartment markets is nearing” and could see off-the-plan purchases fail to settle, particularly in ...

mortgagebusiness
NAB’s $2bn capital injection ‘another positive’

Morningstar has applauded the major bank’s earlier-than-expected announcement that the sale of 80 per cent of its life insurance business has been completed.

mortgagebusiness
APRA urged to act on FSI recommendations

Australia’s customer-owned banks believe substantial policy measures to promote competition in banking are readily available and should be implemented with urgency.

mortgagebusiness
ASIC updates market on CommInsure probe

The corporate watchdog has provided an update on its investigation into the life insurance business of CommInsure.

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