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Bendigo acquires ANZ’s investment lending portfolio

Bendigo and Adelaide Bank Limited has agreed to acquire the major bank’s share investment lending portfolio, for its margin ...

Banks pass on full RBA rate hike

Several lenders have announced interest rate rises on mortgage and savings rates, following the central bank’s decision to ...

Borrowers reach into savings buffer amid rate hike: Domain

With the cash rate tipping 1.35 per cent the increase in mortgage repayments will weigh on borrowers’ savings.

Home-building approvals drop in May

Buildings approvals continued a downward fall over May as the rising interest rate environment slows demand.

APRA grants RADI to Australia’s 1st Islamic bank

Islamic Bank Australia has been granted a restricted banking licence from APRA.

Liberty names new non-executive director

In a move partly focused on guiding its approach towards diversity and inclusion, the non-bank has appointed Dr Jane Watts to ...

AMP shifts core banking platform to cloud

The non-major bank has taken another leap towards the digital space, integrating its core platform to the cloud.

Beyond Bank partners with Frollo to develop app

The customer-owned bank has furthered its arrangement with the fintech, commencing a pilot for a new consumer-focused app

Lowe slams another 50-bp cash rate on Australians

RBA governor Philip Lowe has delivered its third consecutive cash rate hike as it attempts to slow down rising inflation.

Home loan commitments increase after April tumble

Home loans commitments took a positive turn in May following a fall in April, new data reveals.

Cash rate hike prediction steers towards 50 bps

Economists from three of the big four banks expect the Reserve Bank will hand down a similar cash rate hike of 50 bps today ...

Westpac Group to close more than 20 branches

The banking group has confirmed it will be closing branches under the Westpac, Bank of Melbourne or St.George brands in more ...

Clearance rates at lowest level since April 2020

Both auction activity and preliminary clearance rates dropped drastically nationwide last week, continuing a downward trend

‘Democratising’ data: Assistant Treasurer celebrates non-majors’ CDR anniversary

The federal minister for financial services has praised the inclusion of non-major banks in open banking one year since it ...

ARCA names next CEO

The retail credit association’s next chief executive has been revealed, with chair Peter Wilson appointing Elsa Markula to ...

40,000 new places open up under Home Guarantee Scheme

From Friday (1 July), 40,000 new places have become available under the federal government’s schemes to help Australians buy ...

Positive uptick in home lending: APRA

The big four banks continue to dominate the mortgage market with three reporting an increase to their home loan books over ...

Sydney, Melbourne drive housing value downturn over June

Australia’s two largest cities reported losses of over 1 per cent during the first month of winter, according to a new ...

Housing prices cool at fastest rate in over 30 years

The first month of winter was one where value growth continued to freeze, marking Australia’s “sharpest slowdown” in more ...

‘The time is right’ for blockchain: REIA

The use of blockchain in property transactions could “completely improve and grow trust” in the real estate sector and ...

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