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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 ...

RBA tipped to repeat 50-bp hike

Economists from three of the big four banks believe the Reserve Bank will duplicate its largest rate rise in 22 years.

Home prices fall at fastest rate in over 30 years

Australia’s housing boom has crashed into the wall, with a new PropTrack analysis suggesting that growth has dropped to its ...

Major banks pass on 50-bp rate hike

The big four banks have all announced that they will increase home loan variable interest rates by 0.50 per cent per annum ...

NHFIC names 5 new lenders to FHLDS

The housing corporation has confirmed that five more non-major lenders will be able to offer the Australian government’s ...

BNK set to break into commercial

The ASX-listed mortgage lender has announced plans to diversify into commercial lending and overhaul its technology offering

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 with ...

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 ...

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