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AMP reports cash flow woes, loan book growth

The wealth and banking group has released its financial results for Q319, which showed continued growth for AMP Bank, while the wealth management unit experienced cash flow problems largely ...

AMP
TMB reports triple-system mortgage growth

The member-owned bank has outpaced its competitors, recording 10 per cent growth in its residential mortgage portfolio.

Teachers Mutual Bank
Suburb ‘prestige’ not indicative of price growth

New data from Domain showed that price growth is not one-size-fits-all, with prestigious suburbs and cheaper areas recording varied growth across Australia.

Suburbs
Housing downturn stunts GDP growth

The downturn in the residential property market has served as a drag on GDP growth, according to the latest ABS data.

Suburbs
BNK reports multichannel settlement growth

The diversified banking business has reported strong settlement growth across its direct and third-party lending channels.

Simon Lyons
Prospa reports 36% growth in loan originations in FY19

Prospa has beaten or met expectations across originations, total revenue, and earnings before interest, taxes, depreciation and amortisation in FY19, with its net loss remaining below its ...

Prospa reports 36% growth in loan originations in FY19
‘Unusual’ dynamic to keep mortgage growth at bay

According to the CEO of a non-major bank, rate cuts and softer lending guidance will not be enough to spark a rebound in home lending growth.  

Melos Sulicich
Heartland reports 24% growth in reverse mortgages

Reverse mortgage lender Heartland Seniors Finance has reported strong growth in its loan portfolio, taking its market share in Australia to 24 per cent.

Old person hands
Credit growth to ‘remain subdued’ despite stimulus

A surge in mortgage volumes off the back of recent market developments is unlikely amid downside risks on both the supply and demand sides of the market, according to S&P.

S&P Global
Household sector downsides to serve as ‘handbrake’ on price growth

Household indebtedness and subdued wage growth will slow the rate of recovery in the housing market, according to S&P Global Ratings.  

Household sector downsides to serve as ‘handbrake’ on price growth
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