The figures also show the average home loan value has increased
“[We] will continue to service this borrower type well into the future.”
The data showed a historic low for May’s non-conforming loan arrears
The non-major has announced it is closing more than two-thirds of its east coast branches
As calls to abolish stamp duty grow stronger in the industry, economists are pushing for a shift to land taxes to cover the shortfall
National Australia Bank has made indications it will look to grow its involvement in the broker channel.
Housing activity is growing, but not fast enough to contribute to broader economic growth, according to the latest ABS statistics.
The ABA has elected the head of a major bank as its new chairman.
Brokers dealing with investment loans could unwittingly risk being prosecuted by the ATO as ‘scheme promoters’, says a legal expert.
The RBA has kept the official cash rate on hold, but highlighted ongoing concerns surrounding the high Australian dollar.