A number of lenders are closing in on a $2 billion loan book
A judge in Sydney has upheld a bank’s right to repossess a multi-million dollar north Sydney home despite the borrower claiming no personal benefit came out of the $3.6m loan.
Australia’s lenders are still competing aggressively on fixed rate home loan interest prices, which may prompt more borrowers to fix their loan over coming months.
One bank is cutting the interest rate on its two year fixed rate home loan from Wednesday, on top of reductions it made to the same loan package in February.
The latest Reserve Bank of Australia figures show how mortgage aggregates and the market has grown.
Australia’s mortgage industry will be transformed by a digital and data revolution, industry bigwigs say. How can you stay ahead?