Lucy Dean

Apartment approvals nosedive by nearly 30%

The number of apartments approved for building has plunged by 29.5 per cent since July last year, the Australian Bureau of Statistics has reported.

ECONOMY • Thu, 31 Aug 2017

Smaller lenders under Suncorp’s eye

A non-major is watching the movements of both bigger and smaller lenders as “momentum” around major banks pushes a “range” of entrants into the market.

LENDER • Thu, 31 Aug 2017

Residential lending jumps by more than 7%

The Australian Prudential Regulation Authority has reported a $1.54 trillion total in household lending, reflecting an increase of 7.3 per cent on last year’s figure.

LENDER • Wed, 30 Aug 2017

Homeloans expands IO offering

As regulatory crackdowns see other lenders cool off on interest-only lending, a non-bank lender has announced that it will increase its offering.

ECONOMY • Wed, 30 Aug 2017

CBA in S&P’s crosshairs

The Australian Prudential Regulation Authority’s probe into CBA’s anti-money laundering failures could trigger a ratings downgrade, S&P Global has warned.

LENDER • Tue, 29 Aug 2017

‘More work to be done’ in improving trust: ABA

The Australian Bankers’ Association has acknowledged that there is “more work to be done” to improve trust in the banking sector while announcing new industry benchmarks

ECONOMY • Tue, 29 Aug 2017

Growth rates ‘unsustainable’ but 'cataclysmic' crash unlikely

The rate of growth in the Australian property market is “unsustainable”, CoreLogic’s director of research has warned, adding that the nation is unlikely to see a ...

LENDER • Mon, 28 Aug 2017

Arrears fall nationwide in June

Every Australian state and territory saw a fall in housing delinquencies over June, bringing the national average down to 1.15 per cent, the S&P Performance Index ...

ECONOMY • Mon, 28 Aug 2017

Affordability issues have borrowers turning to mum and dad

First-time buyers are increasingly turning to family members for help in accessing the market as housing affordability challenges bite, a non-major lender has said.

ECONOMY • Sun, 27 Aug 2017