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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 ...
27 May 2022
‘NAB now, pay later’: NAB launches BNPL
In the face of ever-increasing competition from fintechs in the buy now, pay later space, NAB has nabbed its share by launchi...
27 May 2022
Liberals should continue super for housing push, says senator
Senator Andrew Bragg has called for his party to retain its super for housing election policy, as it re-evaluates its agenda ...
27 May 2022
Young FHBs rise over FY20: ABS
Australians aged between 25 and 34 accounted for over half of the country’s first home buyers over the period, according to...
26 May 2022
ASIC didn’t appeal ‘Wagyu and Shiraz’ case due to pandemic: Former ASIC deputy chair
The regulator didn’t appeal the decision of the Westpac expenses case due to the “economic and health crisis”, the form...
26 May 2022
NZ lifts interest rates
The Reserve Bank of New Zealand has lifted the benchmark interest rate to 2 per cent, as it tries to get a handle on surging...
26 May 2022
‘Everything has a limit’: RBA predicts housing to cool
The central bank’s assistant governor has reflected on when supply will meet demand, noting that while lowered prices ar...
26 May 2022
NAB lowers its DTI
The big four bank is decreasing its debt-to-income threshold to “meet regulatory obligations” and “lend responsibly”....
25 May 2022
CBA sticks to economic forecast following Labor win
The major bank has said that a change in government did not currently necessitate a change to its economic forecast nor its i...
25 May 2022
Treasurer Chalmers outlines economic priorities
The new federal Treasurer Jim Chalmers has set out Labor’s first priorities for the “tricky” economy. ...
25 May 2022
Westpac mortgage tech head takes on permanent role
The major banking group has confirmed that its acting head of mortgage technology has accepted a long-term position. ...
24 May 2022
Mortgage industry on the election outcome
With Anthony Albanese and several cabinet ministers sworn in following Labor’s election win, members of the mortgage and pr...
24 May 2022
Cash rate to more than double in June: Westpac
The bank’s chief economist has responded to the RBA’s latest board meeting, maintaining that rates will lift by 40 bps ne...
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