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8 Jun 2022
BNK set to break into commercial
The ASX-listed mortgage lender has announced plans to diversify into commercial lending and overhaul its technology offering...
7 Jun 2022
RBA opts for 50-bp cash rate hike
The Reserve Bank has abandoned its “business as usual” approach to the cash rate this month, deciding to fight inflation ...
7 Jun 2022
ASIC slaps online lender with lawsuit
ASIC has launched a civil lawsuit against online personal lender Sunshine Loans, for allegedly collecting more than $320,000 ...
7 Jun 2022
Consumers boosted savings by almost 50% during COVID: CBA
Mortgage repayment concerns helped drive Australians to build up their savings balances to a level 46 per cent higher than tw...
7 Jun 2022
Economists split between 25 or 40-bp rate hike
Economists believe the Reserve Bank will choose to crank up the cash rate again at its meeting today (7 June), but the size o...
6 Jun 2022
New home loans sink across board over April: ABS
Owner-occupier and investor loan commitments fell over the month, affirming earlier predictions of a cooling housing market....
6 Jun 2022
Pepper prices 1st social bond
The non-bank lender has raised $300 million for its first social bond, which will finance loans that deliver positive social ...
6 Jun 2022
Only ⅓ of Australians across credit score: SocietyOne
The vast majority of the country is unaware of its financial standing, according to new data by the online lender. ...
6 Jun 2022
RBNZ winds back dividend restrictions for banks
Kiwi banks are set to be freed from limits on how much they can pay shareholders, but they have been told to stay alert aroun...
3 Jun 2022
Lenders ranked in annual independent broker survey
The results of Momentum Intelligence’s 2022 Third-Party Lending survey of residential mortgage brokers have been released, ...
3 Jun 2022
ANZ predicts 40-bp cash rate hike for June
Economists from ANZ have joined Westpac in betting the Reserve Bank will make a sharp rise in the cash rate next week, to cla...
3 Jun 2022
CBA tips capital city housing to dive over 2023
The major bank has updated its Australian property forecast, stating that homes across the country’s capitals will fall by ...
3 Jun 2022
Heartland completes StockCo Australia acquisition
The reverse mortgage provider has confirmed its $154.4 million purchase of the agri lender, expanding its overall presence in...
2 Jun 2022
PM confirms ministry, housing promoted to cabinet
Prime Minister Anthony Albanese has confirmed his government’s first full ministry, while sliding the housing portfolio int...
2 Jun 2022
RBNZ begins first 5-year remit review
The New Zealand central bank has confirmed it has commenced its five-yearly review of its monetary policy remit. ...
1 Jun 2022
NAB finalises $1.2bn Citi acquisition
NAB’s efforts to secure Citigroup’s Australian consumer bank for $1.2 billion have come to fruition. ...
1 Jun 2022
ANZ mortgage run-off woes continue
The major bank has recorded another drop in its owner-occupied book after falling by around $300 million in April, according ...
1 Jun 2022
Treasurer ‘keen’ to commence RBA review
Treasurer Jim Chalmers has acknowledged calls from economists for a foreign player to lead an independent review of the Reser...
1 Jun 2022
Dwelling approvals plummet in the wake of HomeBuilder
Approved residential dwellings have trended downwards over April, sinking by more than 32 per cent in the 12 months since the...
31 May 2022
Mutual banks still battling despite higher rates: S&P
Although higher mortgage rates will bring in more earnings for the banks, S&P has warned the mutual sector will still be ...

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