Over a quarter of young Australians are struggling to meet their mortgage or rental commitments, new research has found.
The bank’s move to reduce the amount borrowers could redraw was “absolutely” the right decision, CEO Jamie McPhee has told a parliamentary committee.
Delinquencies underlying non-conforming home loans have risen by 42 bps, while prime mortgage arrears have remained stable ahead of an expec...
ASIC has facilitated over $160 million in remediation payments to more than 430,000 customers who have been sold “junk" consumer credit in...
Almost 600,000 Australians lost their jobs in April off the back of the economic fallout from the COVID-19 outbreak.
Two ex-Westpac group executives have teamed up to create a new digital home loan provider, successfully closing a $33-million capital raise.
The major bank has earmarked an extra $1.5 billion for forward-looking adjustments in relation to COVID-19, bringing the total provisions to...
La Trobe Financial has announced an RMBS raising of over $1 billion, with the AOFM involved in the deal.
The Victorian state government has reintroduced on-site auctions and open inspections as COVID-19 restrictions ease across the country.
State governments have revealed that stamp duty reform is being considered as part of a broader agenda to restructure state economies off the back of the COVID-19 crisis.