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Westpac expands LMI waiver

More healthcare professionals will qualify for Westpac’s Lenders Mortgage Insurance Waiver, following an expansion to its ...

NSW commits another $500m into housing

As part of its latest budget, the state’s government will invest nearly half a billion dollars in expediting housing supply ...

Capital city clearance rate continues nosedive

The number of homes clearing across the country is shrinking, according to new figures released by CoreLogic.

Rising interest rates will outweigh house price falls: Moody’s

Analysts have tipped house prices would need to fall by around 22 per cent in 2022 to counterbalance how much higher interest ...

RBA’s faster rate rises to accelerate housing decline: ANZ

Economists at the major bank have tipped that house prices will fall by around 15 per cent between April 2022 and December ...

Most Aussies are wary of open data: survey

Lenders hoping to benefit from open finance could be challenged by consumers who are apprehensive to share their data. 

Qld unveils $2.9bn housing plan

A new investment fund to increase housing supply, and a focus on social housing has been unveiled by the state government.

CBA partners with Mambu over digital home loan

The major bank has confirmed that it has aligned with the cloud banking platform as a means to grow the recently launched ...

Fed raises US interest rate by 75 bps

The US central bank has opted for its largest interest rate hike in almost 30 years, in an effort to squash surging inflation

Consumer sentiment creeps towards recessionary levels

Rising inflation concerns and interest rate hikes have dragged borrower sentiment down towards historic lows, according to ...

NSW stamp duty growth soars above house prices

Over the past 20 years, stamp duty growth across the state has surged above that of housing, according to a new Domain ...

ACCC raises alarm on PEXA owner deal

The regulator has expressed fears for competition around a proposed acquisition, warning that it could further fuel a ...

Trio cop charges over mortgage scam

Three people have been charged with criminal breaches of directors’ duties, over “interest-free” mortgages offered by their ...

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.

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