The chief of Australia’s largest bank has said lenders should act pre-emptively and shift their floor rates for mortgage serviceability amid surging house prices.
Total household wealth reached a high of $13.4 trillion in the June quarter, primarily due to rising property prices, according to the Australian Bureau of Statistics.
The property exchange settlement platform has been granted approval to establish an Electronic Lodgement Network in the ACT. ...
The Australian Office of Financial Management will allocate $30 million to the small business lender under the government's securitisation f...
Risks to financial stability could be building as house prices and debt levels keep rising, the Reserve Bank has cautioned.
The big four bank has unveiled its response to past regulatory issues, a program meant to improve its risk management and accountability.
The proposed acquisition of Westpac PNG and Westpac Fiji by Kina will no longer proceed, it has been confirmed.
The listed bank has kicked off a strategic review of its company, after reportedly receiving interest from external parties.
Developers have called the government to act against a decline in apartment construction in NSW, saying it could threaten housing affordability.
A new chief technology officer is set to join direct-to-consumer lender Tic:Toc as it ramps up capacity to meet “the surge in demand for digital lending”.
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