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Westpac hikes interest-only rates
Westpac announced earlier this week that it has increased rates on its interest-only fixed rate loans by up to 30 basis points.
LENDER • Tue, 25 Apr 2017
ANZ to sell Vietnamese retail banking arm
The major bank has entered an agreement with Shinhan Bank Vietnam to sell its Vietnamese retail business.
ECONOMY • Tue, 25 Apr 2017
National median house price reaches new record high
Most capital city housing markets have been experiencing “buoyant growth”, according to Domain, with a 10.2 per cent annual increase in the national median house price ...
ECONOMY • Sun, 23 Apr 2017
Home loans in arrears fall unexpectedly
A recent report by a ratings agency has revealed the number of delinquent housing loans declined surprisingly in February, despite rising interest rates and seasonal ...
Rate hikes don’t dampen housing optimism
A recent survey has revealed businesses remain bullish on the property sector despite reporting higher funding costs and higher interest rates.
ECONOMY • Thu, 20 Apr 2017
Lenders announce home loan policy changes
Two non-major banks have announced changes to their interest-only and investor loans.
LENDER • Wed, 19 Apr 2017
Housing markets warrant ‘careful monitoring’: RBA
The Reserve Bank of Australia has clarified its stance on the official cash rate, noting that while indicators of financial stress in the household sector remain ...
ECONOMY • Wed, 19 Apr 2017
Household debt vulnerabilities ‘increasing’: RBA
Australia's financial system is exposed to risks associated with high household indebtedness, which could “amplify and propagate an economic downturn, declines in housing ...
ECONOMY • Tue, 18 Apr 2017
Banks recognise benefit of ‘open data’
Lenders have acknowledged the benefits that access to data could bring to customers and the broader economy at a symposium recently hosted by the Australian Bankers’ ...
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