Mortgage repayment pressures ease nationwide
Charbel Kadib
Home loan repayment pressures have subsided, with the share of income required to service a mortgage falling to the lowest level since 2016,...
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BOQ announces new CEO and MD
The Bank of Queensland has announced that it has hired the former CEO of Westpac’s consumer bank as its new chief executive officer and ma...
Borrowers urged to pocket rate cut
A neobank CEO has encouraged home loan customers to build a buffer by pocketing savings generated by lower mortgage rates amid weakening economic conditions.
AMP exec warns of ‘downsides’ to reverse mortgages
An AMP executive has urged pensioners to consider not just the benefits, but also the drawbacks, of reverse mortgages.
More lenders commit to full RBA rate cut
Macquarie Bank, ING, and two customer-owned banks are among the lenders that have also now committed to passing on the RBA’s 25 basis po...
Housing investment slips, recession fears mount
Dwelling investment has fallen for the second consecutive quarter, with the decline among several headwinds dampening GDP growth.
Proposed bank levy changes ‘make no sense’
The Customer Owned Banking Association has slammed Treasury’s proposed revisions to bank levies, describing the changes as “grossly unfair”.
No excuses: RBA governor calls on banks to pass on full cut
The lower cash rate “should be fully passed through to variable mortgage rates”, Reserve Bank governor Philip Lowe has said, noting that...
Two former CBA employees charged with fraud
A former senior manager and a former manager at the major bank have been charged with fraud after allegedly misappropriating nearly half a m...
Lenders begin to pass on RBA rate cut
Several lenders, including some of the major banks, have reduced their variable interest rates by 25 basis points following the RBA’s deci...
