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Market split 50/50 on interest rate decision

While bank economists seem to unanimously agree on a rate hike, market expectations are split down the middle.

Westpac reports $51bn fixed-rate roll off

Westpac has reported the "largest proportion" of fixed-rate loans rolled off during the financial year 2023.

3 charged over managed investment scheme 

The charges follow the collapse of the Sterling First group of companies, which ASIC alleges left tenants homeless.

How could alleged mortgage Ponzi scheme go undiscovered?

Questions are being asked about regulatory oversight following allegations that a law firm principal may have misappropriated ...

Summerland Credit Union transitions to a bank

The Northern Rivers of NSW lender has transitioned to become a bank as it “seeks to put the power back in the hands of the ...

‘Home owners happier than renters’: Great Southern Bank

A report by the customer-owned bank has found that the majority of people agree that home ownership is important to their ...

Government releases Sustainable Finance Strategy consultation 

The aim is to “mobilise the private investment needed” to help companies access the capital to transition to net zero, ...

Investor activity driving up housing lending growth

Lending activity from investors drove housing lending growth in September, the ABS has found.

High rates hurting approvals: HIA

The RBA’s hiking cycle continues to dampen building approvals as the full effects are felt throughout the economy.

Brokers helping new home buyers bridge deposit gap 

Despite a tough economic climate, 60 per cent of home buyers say now is a good time to purchase, according to Helia.

New CEO appointed at Suncorp Bank

The non-major bank has appointed a new chief executive following resignation of Clive van Horen.

Mortgage stress risk to rise if RBA hikes: Roy Morgan

As another interest rate increase looms, more mortgage holders are at risk of facing mortgage stress, Roy Morgan has found.

Australians go regional as costs rise 

Regional NSW is the top migration destination for those leaving capital cities, according to a new report.

Thinktank closes fifth RMBS issue

The non-bank lender has announced it has successfully closed another RMBS issue.

APRA stats reveal another drop in CBA mortgage book

The major bank has continued its downward trajectory, recording another month of losses driven by a decrease in its ...

Home prices hit highs as downside risk looms

Although national home prices have continued to recover, signs of easing and risks are emerging, PropTrack and CoreLogic have ...

Retail spending surge sparks rate hike concerns

The higher-than-expected lift in retail spending data from the ABS has raised the possibility of an impending interest rate ...

BNK loan book up 5% in 1Q24

Higher margin lending helped the banking group grow its loan book over the first quarter of the 2024 financial year.

Mortgage levels sit above decade averages: CBA

The major bank’s report into state and territory economic performance has found housing finance commitments are above 10-year ...

Australians encouraged to ask for loan help 

Those struggling with mortgage repayments are being encouraged to ask their lender for help in a new campaign from the ABA.

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