Breaking

Housing market ‘far from healthy’: NHSAC
7 May 2024

The National Housing Supply and Affordability Council has assessed Australia’s housing market in its inaugural State of the Housing System 2024 report.

Should we be calling Macquarie a major bank now?
6 May 2024

OPINION Macquarie’s latest financial results show its mortgage book accounts for over 5 per cent of the bank market share, so should we be calling it a major bank?

Home loan values record strong yearly growth: ABS
6 May 2024

Rising house prices have accentuated the year-on-year increase in the value of new mortgages.

High-density approvals reach 12-year low
6 May 2024

While dwelling approvals have begun to rise from the doldrums, high-density approvals reached a 12-year low in March, according to new data.

Mortgage interest charges rose 7% in March quarter: ABS
3 May 2024

The November rate hike and expiring fixed-rate mortgages have impacted the living costs of employee households, the ABS has found.

P&N Bank withdraws from Home Guarantee Scheme
3 May 2024

The lender will soon cease offering loans for the government’s Home Guarantee Scheme due to “operational factors”.

Returns on NAB broker loans ‘below the cost of capital’
2 May 2024

The new CEO of the major bank has revealed that returns on broker loans are “below the cost of capital” due to “price premiums” in the channel.

Shadow treasurer slams Help to Buy, pushes super for housing
2 May 2024

Enabling Australians to access super for housing and “getting government out of the way” would help alleviate housing issues, according to shadow treasurer Angus Taylor.

BNK loan book holds steady in 3Q24
2 May 2024

The ASX-listed lender has released its trading update for the third quarter of the financial year 2024.

Heartland Bank acquires Challenger Bank
2 May 2024

The New Zealand bank has officially acquired the digital bank following approval from regulatory boards.

April price gains ‘on par’ with previous months: CoreLogic
2 May 2024

Home prices have maintained a steady pace of growth, the latest CoreLogic data has revealed.

Westpac loan book growth accelerates: APRA
1 May 2024

The growth rate of the major bank’s mortgage book doubled in March, APRA has revealed.

Mortgage demand drops in March quarter: Equifax
1 May 2024

A fall in mortgage demand has reversed the positive growth recorded in the December 2023 quarter, Equifax has reported.

Firstmac hacked by ransomware gang
30 April 2024

The non-bank lender has been targeted by hackers, with an “unauthorised third party” reportedly having accessed customer information.

CBA hikes bonuses to stop bankers from becoming brokers
30 April 2024

The major bank is increasing the amount of money its bankers can make on home loans, in a bid to stem the outflow of bankers to the broker channel.