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
Major mortgage aggregator AFG grew its overall loan book by 7% in the 2016 financial year, reporting a big lift in non-major market share
Major debtor finance company Scottish Pacific has extended its local presence in South Australia
The Reserve Bank of Australia has left the official cash rate on hold at 1.75%, for the second consecutive month
Business credit is expected to experience strong demand in the second half of 2016, according to ING Direct
The banking regulator has warned Australia’s major banks may have to further increase their capital buffers, despite the extra $18 billion raised in new equity last year
Demand for fixed rate home loans has dropped amid speculation of a further cash rate cut, which will take the official interest rate below 1.75%