Non-major lender Bendigo and Adelaide Bank has agreed to buy more than a quarter of the value of a government-backed lender’s loan book.
Rising house prices in Australia are impacting household debt levels and labour participation rates according to research from the University of Sydney
Building society Newcastle Permanent has delivered a net profit after tax in excess of $40m, with growth in its loan book a key contributor to the result.
House prices have moved out of reach of average single income Australians in all but two capital cities according to research from an online home loan comparison portal.
Total commissions paid to mortgage brokers in Australia pushed past $1.1bn in the year to August thanks to growing broker market share, rising loan values and tweaks to commission structures
Sydney is among the world’s cities most at risk of a housing bubble according to research from global investment bank UBS.
Industry super fund-owned bank ME remains on a strong growth path, with the non-major lender announcing a healthy profit increase across the 2016 financial year
New analysis shows nearly one in 10 properties resold in the June quarter resulted in a loss.
Brokers are likely underestimated when it comes to their share of the Australian mortgage market according to a senior figure at one of Australia’s major banks
Australia's banking sector is willing to remove payments to staff that conflict with the interests of consumers, however an industry-wide change would likely require legislative changes