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HIA reports ‘subdued’ growth in new home sales

New home sales increased in some states but remained largely subdued nationwide, according to the HIA’s latest figures.

ING profits bolstered by 11% loan growth

An 11 per cent increase to the non-major’s mortgage book has helped drive 15 per cent growth in ING’s net profit after tax.

Uday Sareen
Heritage reports profit fall despite 20% loan growth

A 20 per cent rise in loan approvals had not been enough to prevent the member-owned bank from posting a 4 per cent decline in its net profit.

Heritage Bank
Resimac reports 13% profit growth

The non-bank lender’s financial performance has been bolstered by a sharp rise in its principally funded mortgage book.

Scott McWilliam Resimac
Fintechs sought for Global Financial Innovation Network

The financial services regulator is calling on fintechs to participate in a cross-border pilot launch of a new Global Financial Innovation Network.

Credit to remain a ‘formidable obstacle’ to housing growth

Tighter credit conditions will persist in 2019 and continue to weigh on housing market growth, according to CoreLogic.

Wisr books 49% growth in loan settlements

The marketplace lender has booked a 49.9 per cent growth in loan settlements over the quarter in Q1 FY19.

Impending law to poise mutuals for faster growth

The CEO of COBA believes that mutuals would be able to pursue accelerated growth and compete more fiercely with the major banks if legislative reforms pass Parliament.

New mortgage strategy ‘key’ to YBR growth

The franchise has said that its “significant” mortgage initiative would provide it with “deeper ownership” of the value chain and increase the value of its loan book by 120 basis points, as ...

Annual housing credit growth slowest since 2013

Housing credit growth is the slowest it’s been year-on-year since December 2013, with annual investor credit growth the slowest on record, new Reserve Bank data has revealed.


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