New home building activity expected to bottom out
The supply of new homes is expected to reach its low point soon if economic activity improves, dwelling prices stabilise, and credit tighten...
ASIC sues NAB over unlicensed introducers
The Australian Securities and Investments Commission has commenced a court case against NAB over allegations that 16 bankers accepted loan i...
Mortgage industry ‘as busy as ever’
The CEO of an ASX-listed mortgage business has seen demand for housing loans “rise significantly” in response to the recent shift in sentiment.
Citi’s mortgage rates plunge by up to 160 bps
The non-major has reduced variable and fixed rates across its owner-occupied and investment home loan products.
Experian acquires fintech to boost open data offering
Experian A/NZ has acquired an Australian fintech that analyses and categorises bank statements.
Cashflow Finance reports 226% growth in equipment finance
Strong broker uptake of CML Group’s equipment finance offering has helped the lender build revenue from this stream by 538 per cent in the...
APRA responds to ‘misinterpretation’ of banking data
Australia’s prudential regulator has clarified that, contrary to the views expressed by some analysts, the average balance of housing loa...
Westpac subsidiaries drop fixed rates by up to 140 bps
The Bank of Melbourne, BankSA and St.George Bank have slashed fixed rates across their owner-occupied and investment home loan offerings.
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