A credit ratings agency has downgraded ratings for 23 financial institutions across Australia
Westpac becomes the first of the five major banks to reveal how much the bank levy will set it back
The proposed levy would be linked to water rates on investment properties with an annual income that exceeds a specific threshold
The bank has introduced a significant three-year discount for owner occupiers taking out a principal and interest loan
Reports show a 'substantial drop' in disciplinary matters against brokers in the past year.
In an aggressive start to the New Year one lender has announced a raft of changes designed to place them at the forefront of the broker channel.
A leading non-conforming lender has extended its product range with the launch of its first prime mortgage product.
Following fixed rate cuts from NAB/Homeside and Westpac, a non-major lender has slashed fixed rates by as much as 40 basis points.
As first home buyer levels continue to sit at record lows in most states, Western Australia has continued to buck the trend.
Overall business confidence saw a sharp increase in the last quarter, while businesses in finance and insurance remain wary.