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Macquarie welcomes former big 4 CIO to board

The non-major bank has appointed a former CBA CIO as one of its three independent directors.

Weakest demand for credit since 2005: ABS

Credit demand has reached its lowest point in over a decade, the Australian Bureau of Statistics has confirmed.

Investor sales expected to rise by 2024

A property researcher has predicted an increase in investor and first-time home buyer purchases early next year, highlighting ...

Young Queenslanders still gunning for home ownership: RACQ Bank

Queensland’s younger home owner hopefuls are still chasing the dream of home ownership despite economic headwinds, new ...

Suncorp Group confident of bank sale by mid-2024

Suncorp Group anticipates that approvals regarding its bank sale to ANZ will be determined by early next year.

Declining vacant land sales deepen housing supply challenges

Vacant residential land sales have fallen across the eastern states in the financial year 2023, exacerbating the housing ...

N1H looks to expand funding after ‘profitable’ 2023

The lending group’s “overarching goal” is to strengthen and grow its balance sheet, according to its newly released annual ...

August CPI fulfils market expectations

The monthly CPI indicator for August rose from July, however, annual trimmed mean inflation remained stable, the ABS has ...

Monthly CPI expected to return above 5%: Economists

Bank economists have weighed in on their expectations on the upcoming monthly CPI data for August.

How rental pain is expected to push home prices higher

With rents continuing to rise, a new report projecting sale prices through 2025 forecasts tenants on the fence will pursue ...

ANZ to commence remediation program following fine

The major bank has been ordered by the Federal Court to pay a $15 million fine for deceiving customers over available funds ...

Suncorp Bank’s CEO to depart

Suncorp Bank has announced its banking chief will depart in December to join a wealth company.

Banking code committee to launch inquiry into financial difficulty

The banking code committee is set to launch an inquiry into financial difficulties as higher interest rates pinch borrowers

BankVic moves to new lodgement system

The non-major bank has adopted NextGen’s ApplyOnline platform for mortgage lodgements to “make applying for home loans ...

Australians are becoming more scam aware: CBA

Over 70 per cent of Australians have become more concerned about scams over the last 12 months than previously, according to ...

Unit demand lifts amid national shortage: CoreLogic

The unexpected rise in migration has driven up demand in the medium- to high-density sector, however, approvals and ...

‘Do your homework’: SA government warns investors

An increase in the number of builders entering administration has led the state government to issue a warning to those ...

Fed Reserve holds but another hike still possible

The US Federal Reserve has left interest rates on hold but, like other major global central banks, is leaving the door open ...

Major bank hit with $2.1m penalty

The Federal Court has ordered the major bank to pay a hefty penalty for unconscionable conduct.

Loss-making sales and arrears tick up

Recent data may have revealed signs of distress among borrowers in relation to the amount of debt taken on.

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