The financial giant announced the creation of a new role this week – head of strategic partnerships
"The market on its own will never solve Australia’s housing affordability problem"
The move was prompted by higher technology costs needed to “effectively compete”
"We do not often see the big four banks vying to offer borrowers the lowest interest rates," says ACCC official
Mirvac chief executive Susan Lloyd-Hurwitz says it is "business as usual" following Westpac's recent announcement it will stop lending to foreign property buyers.
Brokers are being urged to be proactive with clients in debt as it affects their mortgage borrowing ability.
Westpac joins ANZ and CBA in withdrawing from real estate lending to foreigners.
Grattan Institute CEO John Daley has refuted Malcolm Turnbull's criticism of the think tank's recent report regarding changes to negative gearing.
Analysis suggests the major banks will not increase lending rates to maintain high profits, yet consumers will likely pay in other ways, says one mortgage broker.
Financial qualifications must make a firmer distinction between comprehensive and limited advisers, says education mentor.