Lucy Dean

AFG boosts profit by 33%

The normalised net profit after tax at the major Australian aggregator has swelled by a stunning 33 per cent year-on-year to $30.2 million.

BROKER • Fri, 25 Aug 2017

Borrower attitudes to reshape mortgage lending

The introduction of digital mortgages in the US has shown that borrowers now expect incumbent lenders to deliver the same “seamless” origination and rapid adjudication ...

LENDER • Thu, 24 Aug 2017

Non-major sees renovation applications nearly double

Applications for cosmetic renovation loans have grown by 48 per cent in six months, non-major lender ME Bank has revealed, saying that the surge reflects the housing ...

ECONOMY • Thu, 24 Aug 2017

Vast majority of working-age Aussies worry about money

Eighty per cent of working-age Australians are feeling stressed about their finances, new research from the Financial Planning Association of Australia reveals.

ECONOMY • Wed, 23 Aug 2017

High Court challenge on the cards if SA bank levy passed

The Australian Bankers’ Association has vowed to take the South Australian government to the High Court if the government’s proposed bank tax is legislated.

ECONOMY • Tue, 22 Aug 2017

IO flow plunges by 8% at major bank

The flow of interest-only lending has fallen from 52 per cent in the second quarter of 2017 to 44 per cent in the most recent quarter, Westpac has reported.

ECONOMY • Tue, 22 Aug 2017

Banks, brokers accused of 'aggressive' tactics to win clients

Both bankers and brokers are at risk of being "performance managed" or "transitioned" out of their respective industries if they don't meet targets, reports obtained by ...

ECONOMY • Tue, 22 Aug 2017

FHBs at ‘pointy end’ of affordability problems: Westpac

Core buyer sentiment remains weak across Australia despite three months of improvement, while first home buyers are at the “pointy end” of affordability problems, says ...

LENDER • Mon, 21 Aug 2017

Customers, brokers question bank ethics and culture

The importance of ethical practices in the finance sector is coming more to the fore as brokers and clients increasingly question the actions of banks.

ECONOMY • Sun, 20 Aug 2017