Breaking

In the wake of the Optus breach the federal government has announced new temporary regulations, which would give banks access to Optus customers’ data. 

Teachers Mutual Bank Limited’s balances totalled $8.5 billion at the end of financial year, up 9.9 per cent on last year, the banking group has revealed.

Latest housing data reveals supply constraints and labour costs have fuelled the fastest building-industry inflation rate over the past four decades.

The non-bank lender has enhanced its loan origination system and made changes based on channel feedback to better benefit brokers and customers.

Business lending has continued its upward climb despite tightening monetary conditions, APRA data reveals.

Seven recommendations have been put forward by the Regional Banking Taskforce to better support those impacted by bank closures in regional communities.

Dwelling prices will fall eight per cent this year and be 15 per cent down peak-to-trough, according to the major bank.

Following the RBA's October cash rate decision, several commentators have flagged the dollar impact to borrowers.

The value of owner-occupier refinances set a new record high in August, after $18.8 billion of mortgages were moved across lenders, according to new data.

The first property buyback offers have been accepted by flood-affected home owners in South-East Queensland.

The Reserve Bank of Australia has increased the cash to 2.60 per cent for October, a move not widely predicted by bank economists.

Macquarie expects the Reserve Bank won’t begin easing monetary policy settings until late next year and anticipates the jobless rate will rise to 4.5 per cent.

As banks remain on alert following the Optus data breach, ANZ said trusted digital IDs are a “vital step forward”.

While national home prices are declining, new data revealed that the spike in September property sales kept price falls steady.

Loan Market has confirmed that industry leader and former NAB Broker boss Steve Kane has left the group.

Queensland will not implement its controversial “anti-investor” land tax revisions, following weeks of media and industry criticism — and lack of interstate support.

Household wealth fell for the first time since the beginning of the pandemic, coinciding with cost-of-living pressures and rising interest rates.

The peak-profit period has passed for Australia’s housing market, a new report reveals.

Australia is on the verge of a renewable energy boom and an expert has named five regions set to reap benefits from the infrastructure pipeline that comes with it. 

Almost 70 per cent of mortgages in Australia were being written by brokers earlier this year, according to the MFAA’s latest Industry Intelligence Service report.