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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.

REIQ CEO calls for conversations about housing to change

The organisation’s chief executive has urged for more productive talks about housing from the industry and government alike

Banking code questioned in regional banking inquiry

A Senate inquiry has questioned how the ‘voluntary’ banking code of conduct is supporting regional communities amid bank ...

Victorian government sets ambitious housing target

The Andrews government has unveiled a bold new 10-year housing plan to boost supply and affordable housing in the state.

‘Opposing forces’ to face housing market: NAB

The major bank’s outlook for the housing market continues to foresee households adjusting to higher rates, while the rebound ...

Immigration needs to be lower to improve affordability: Shane Oliver

A “chronic housing supply shortfall” and surging immigration are the root causes for Australia’s housing affordability ...

Regional banking inquiry to probe big 4 banks

A Senate inquiry is preparing to grill the big four banks’ chiefs today over the widespread closure of regional banking ...

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