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Brokers writing majority of bank mortgages

Nearly 58 per cent of loans funded by banks are originated by the third-party channel, according to APRA statistics.

AMP boosts digital footprint in bid to slim turnarounds

The non-major bank has continued its recent technological trajectory, confirming a partnership with NextGen to introduce new ...

Australians must prepare as inflation is ‘too high’, says Lowe

The Reserve Bank governor has warned Australians to be prepared for higher interest rates as runaway inflation is expected to ...

ACCC explores anticompetitive claims against PEXA

The competition watchdog has commenced a review into claims that property settlement platform PEXA has acted to shut out ...

BNPL ‘debts’ to be included in DTI ratios: APRA

Banks will need to include buy now, pay later and higher education debts when reporting debt-to-income ratios to the ...

Nano expands digital loan offering

Nano has expanded its digital home loan offering to home buyers and investors, as well as refinancers.

Australian home values top $10 trillion

The value of Australia’s 10.8 million residential homes has topped $10 trillion for the first time.

Capital city clearance rates plummet

Fewer than 1,400 homes were taken to auction across the capital cities this week, with clearance rates the lowest to date ...

Non-banks to take over in construction lending: Survey

While supply chain issues and insolvency risks have eaten away at banks’ appetites for construction lending, non-bank lenders ...

Treasurer says inflation will put pressure on October budget

The Treasurer, Jim Chalmers, has said cost-of-living solutions will be a key focus in Labor’s first budget.

Borrower sentiment falling as inflation soars: ANZ

Consumer confidence has hit its lowest level in almost two years, according to data from ANZ and Roy Morgan.

Triple whammy 50-bp cash rate hikes tipped by NAB

Economists at the major bank believe the Reserve Bank will repeat its largest cash rate increase in two decades not once, but ...

Refinances ramping up across Australia: PEXA

There has been a significant uptick in customers switching lenders, with refinance volumes across states being as much as 26

Brisbane ranked tenth for house price growth globally

Three Australian capitals have been listed among the top 20 cities for property price growth, according to a new report.

Calls for monthly inflation data as cash rate ascends

With inflation being critical to the Reserve Bank’s interest rate decisions, accountants have urged the government to ...

Fintech launches Islamic banking prototype

Digital consultancy Mobiquity has launched a Shariah-compliant banking technology product, which banks can use to roll out ...

Non-majors lift mortgage and savings rates

After the big four lifted rates by 50 bps, several non-majors have followed suit hiking rates on both mortgages and savings

Housing affordability continues downward spiral: REIA

The Reserve Bank’s signals of further rate hikes are expected to further deteriorate housing affordability, as the proportion ...

Outsized rate rise to steepen property downturn: Bluestone

This week’s higher-than-expected cash rate rise will introduce a new fear factor for property buyers, an economist has warned

ANZ Institutional confirms executive leadership additions

The banking group has named two executives to oversee its commodities and environmental markets as it aims to expand its ...

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