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Outright ownership falls over 25 years: ABS

The proportion of Australians who completely own their property has fallen by 11 percentage points according to the latest ...

Suncorp confirms ‘review’ of banking operations

The group has confirmed that it is currently reviewing “strategic alternatives” for its banking operations, following media ...

Victoria appoints new Minister for Housing following reshuffle

The Andrews government has rejigged its cabinet and several senior ministers, including housing, following a swathe of ...

Auction activity continues to fall, clearance rates lift marginally

A total of 2,358 auctions were held last week, down 6.7 per cent from the previous week, according to preliminary CoreLogic ...

Cash rate to hit 2.6% by February: Westpac

Westpac economists expect the Reserve Bank to commence the second fastest tightening cycle since 1990, with a cumulative cash ...

Savings to cushion borrowers from rate spikes: RBA

The Reserve Bank governor pledges most Australians will be able to cop another cash rate rise.

AMP enlists former JP Morgan director to board

AMP Limited has confirmed that Andrew Best has been appointed to its board, with his tenure commencing from next month.

Prudential treatment for Home Guarantee Scheme loans confirmed

APRA has told the banks how they need to treat the reporting and risk management for loans under the government’s expanded ...

Crime compliance tipped to cost financial services industry $3.6bn

Australian financial services companies are expected to spend more than a collective $3.6 billion on financial crime ...

Financial regulators on watch for cracks in mortgage market

The financial watchdogs have remained wary of risks to the housing market as cash rate rises flow through to mortgage ...

Housing lifts household wealth to record figure: ABS

Australia’s household wealth has reached $14.9 trillion largely due to house price momentum, yet quarterly growth has ...

Nano enters B2B market with SaaS release

The fintech has launched a software-as-a-service B2B product, said to be geared towards streamlining process times for ...

New resi lender appoints lending specialist

Non-bank lender Wave Money has welcomed David Jeffery to the role as senior lending specialist.

NSW stamp duty reform should go further: Domain

Domain has said the state’s new housing measures could be a promising first step to improve affordability, after Sydney ...

RBA appoints assistant governor

The Reserve Bank has appointed Dr Bradley Jones as assistant governor.

UK to tighten BNPL regulations with ‘affordability checks’

The UK government has outlined plans to require buy now, pay later providers to ensure their customers can afford their ...

COBA includes vulnerability obligations to its code

Customer-owned banking institutions will need to apply more stringent measures to ensure vulnerable customers are identified ...

Lowe expects to consider 25 or 50-bp rate hike 

The Reserve Bank tossed up increasing the cash rate by either 25 or 50 bps for June, with its governor revealing that he ...

Fears US recession may impact Australia

As some global economies head towards recession, NAB chief economist warns there could be flow-through implications in ...

NSW FHBs to choose how they pay stamp duty from 2023

First home buyers in NSW will be able to choose between an upfront payment or a smaller annual property tax from next year, ...

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