House prices forecast to jump 9% from mid-2024
House prices are set to spark this fiscal year before roaring to life in financial year 2025, with a surprise city ...
Westpac Group enables cross-brand cash transactions
Westpac Group is expanding access to its brick-and-mortar network across its subsidiaries, allowing its clients to transact at any branch nationwide.
Shared equity scheme shaves years off home buyers’ journey into property market
Hundreds of Australian home buyers are turning to programs wherein the government will buy a portion of a property for them in an effort to get into the mark...
Mutual bank banks on technology partner to streamline home loan process
BankVic is introducing a new platform in partnership with NextGen that will digitise and automise its home lending process.
Anti-scam initiatives worth more than $228 million
In the year ending June 30th 2023, CommBank anti-scam initiatives prevented and recovered more than $228 million that would otherwise have been lost to crimi...
Customer-owned banks lead home loan charge in week of inquiry
Representatives from the Customer Owned Banking Association (COBA) on Thursday told a parliamentary inquiry into regional bank closures that mutual banks pun...
Which lenders are moving home loan rates, 22 September?
The past week was pretty subdued in terms of home loan rate movements, which primarily happened in the fixed space, but ANZ came to play.
ANZ slashes term deposit rates — find out other rate movers this week, 22 September
Term deposit (TD) providers, including ANZ and Suncorp, continued the reduction in rates over the past week but some are starting to boost their offerings ag...
One million Aussies urged to join legal fight over ‘outrageous’ car loan practice
Australian motorists can sign up to take part in the biggest consumer class action in Australian legal history, with Westpac, ANZ, Macquarie, and St George i...
CBA underscores Tesla's new financing option
CommBank is providing a low-rate personal loan to Australians who are planning to get themselves a Tesla.
Is Australia set to run short of units?
CoreLogic is predicting an upcoming shortage in the unit market, which could mean strong price growth.
Westpac’s new digital tools to help Aussies save and monitor upcoming bills
Westpac is rolling out two personalised money management tools that will help their users identify opportunities to save and be alerted with upcoming bills.<...
Mutual bank expands digital home loan to new home purchases
Newcastle Permanent is opening its Digital Home Loans platform to borrowers seeking financing for their new home purchases.
Australia might avoid a technical recession but a 'consumer recession' is real and current
Low consumer sentiment and card spending show Australia is still in a 'consumer recession', according to Westpac economists.
Rate cuts persist in term deposits, but some providers defy the trend, 15 September
The downtrend in term deposit rates continues this week but some providers like Qudos and Bank of Sydney defied the trend and made some increases.
Low-deposit investors get whacked by widening home loan margins
In terms of rate movement volume, it was a relatively subdued week, however some prominent banking names popped up - namely AMP, Westpac, and NAB.
Customer-owned bank partners with LMI provider
Great Southern Bank inked a five-year deal with Helia, formerly Genworth, the exclusive lenders mortgage insurance provider for Australia's third-largest cus...
Yet another micro-investing app launches - introducing Nine25
Money app Nine25 has launched a micro-investing platform where users can directly invest in up to four portfolios on launch, with plans to release 10 more.
Household spending rises in August, but more rate rises remain unlikely
Extra international students, high fuel prices and the women's world cup contributed to an increase in household spending for August, but the data is still i...
Tight labour market continues with unemployment steady at 3.7%
Australia’s unemployment rate was 3.7% in August, with 65,000 extra jobs and only 3,000 finding themselves without a job according to ABS data.
Australia pushes with ban on credit cards, digital wallets in online gambling
The federal government will enforce a ban on the use of credit cards, cards linked to e-wallets, crypto, and digital currencies in online gambling through a ...
ABS confirms recovery of house prices
It appears the housing market recovery started even earlier, with the latest Australian Bureau of Statistics (ABS) showing that the total value of housing ma...
Proposed changes to Banking Code set to provide extra protection to customers
The Australian Banking Association (ABA) has submitted a proposal that would institute a new Banking Code that would provide rights and entitlements to bank ...
All quiet on the mortgage front as few lenders move rates, 8 September
This week the two largest customer-owned banks in Australia moved home loan rates south, while a couple of smaller mutuals moved theirs north.
