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NAB finalises $1.2bn Citi acquisition

NAB’s efforts to secure Citigroup’s Australian consumer bank for $1.2 billion have come to fruition.

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 ...

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 ...

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 ...

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 ...

ANZ tightens high-risk lending

Two of Australia’s big four banks have tightened their debt-to-income threshold amid rising interest rates.

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

‘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 ...

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 ...

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 ...

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 former ...

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 ...

‘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 ...

NAB lowers its DTI

The big four bank is decreasing its debt-to-income threshold to “meet regulatory obligations” and “lend responsibly”

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