Property investment from overseas Chinese nationals up 10.2% to July
An online lender said they are able to focus on SMEs while the big banks concentrate elsewhere
Tech development designed to tackle 60% rejection rate in SME loans applications
However, business conditions remain above average
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.
The MFAA has told an inquiry into ASIC’s performance there is no evidence assertions of “systematic falsifications of details in loan applications” from brokers are true.