Australia’s housing market is being increasingly propped up by risky lending as interest rate cuts encourage banks to take on ...
The strategic move comes as the bank and its three major rivals seek to sharpen their focus on more profitable mortgages ...
Jessica Mudditt is a freelance journalist and the author of "Our Home in Myanmar". She is based in Sydney and writes about business, finance and technology for the BBC, Economist Impact, Company ...
One of Australia’s biggest banks wants to lend $60bn in the next five years to help ease Australia’s housing crisis.
The move, which means a one-fifth increase in lending to construction, reverses a shift in attitude from banks to the sector, ...
Australia’s housing market is turning subprime. The proof is everywhere. For more than a decade, the Australian Prudential ...
Lauren Claxton is a freelance writer with a focus on personal finance and cryptocurrency. She has previously written for Crypto News Australia and was employed as a content writer at Monzi Personal ...
The number of home loans in Australia was up a seasonally adjusted 6.4 percent in December compared to the previous month, the Australian Bureau of Statistics said on Wednesday. That was higher than ...
SYDNEY, Oct 11 (Reuters) - Australia's corporate watchdog said on Wednesday it will scrutinise individual home loan records to ensure that mortgage providers are not unfairly selling risky ...
In a rare candid moment, the Reserve Bank governor concedes that, despite the best efforts of policy makers, chronic housing undersupply will continue for at least the next two years.
Defunct home lender RAMS has been fined $20 million by the Federal Court after admitting to widespread misconduct over a four ...
SYDNEY, June 30 (Reuters) - Two of Australia's biggest home lenders jacked up fixed-rate home loans in line with increases to their own borrowing costs, spokespeople told Reuters, adding to pressure ...