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.
The property boom in Sydney may have already run its course but a market crash is unlikely, according to one industry expert.
Property buyers have responded positively to the Reserve Bank of Australia’s August cash rate cut, with figures from one lender showing a sharp increase in interest in mortgage enquiries following the decision
One of Australia’s biggest banks has revealed an overhaul in it broker offering that places a strong emphasis on customer service and reducing channel conflict
Beyond Bank Australia has become the fourth customer-owned lender to take an equity stake in growing marketplace lender SocietyOne
The head of one of Australia’s biggest banks believes the industry needs to recognise it currently has a trust issue with consumers
Investors are seeking to take advantage of the Perth market’s attractive yields, with Chinese buyers predicted to make a more prominent role during the city’s post-mining boom era.