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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 ...
31 May 2022
ANZ tightens high-risk lending
Two of Australia’s big four banks have tightened their debt-to-income threshold amid rising interest rates. ...
31 May 2022
Alternative financing options needed as housing affordability worsens, report finds
The shortage of affordable housing suitable for older people is worsening, fuelling the need for more alternative housing and...
30 May 2022
Major bank sued for overstating account balances
ASIC is suing a big four bank over allegations that a “continuing problem” misleads customers as to available funds and b...
30 May 2022
Tasmanian budget reveals greater investment to FHB, supply schemes
The state’s Treasurer has unveiled his government’s vision for housing across Tasmania, pledging further support to spark...
30 May 2022
PEXA Group to acquire 25% of AI start-up
The platform exchange group has confirmed that it is set to secure up to a quarter of the consumer-focused artificial intelli...
30 May 2022
Auswide flags incoming tech for broker channel
The non-major bank has bumped up its investment in digital features for brokers, signalling that it is set to roll out online...
30 May 2022
Westpac unveils superannuation shake up
BT personal and corporate super are to merge with Mercer, and Advance Asset Management is to be sold, as Westpac shakes up it...
27 May 2022
RBA should have hiked earlier: Stephen Koukoulas
The central bank should have raised the official cash rate earlier than May given rising inflation, according to economist ...

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