Banks

Despite interest rate rises from banks, November has seen a 4.9 per cent jump in lending to property investors around the nation.

The USA’s central bank has lifted their interest rates for just the second time since the 2008 GFC and some economists say it’s good news for Australia.

Two of Australia’s big four banks – Westpac and NAB – have lifted their home loan rates for investors as we head towards Christmas.

The Coalition Government are looking at bringing in more checks on banks to keep those MPs in the party happy who support the proposal for a royal commission into the banking sector.

Banking regulators are tightening the screw on profitable interest-only loans in case things go sour in an economic downturn.

The main financial lenders in Australia are not passing on yesterday’s RBA interest rate cut in full, possibly slowing the central bank’s attempts to stimulate the economy.

The housing market has had a pretty good year compared to some forecasts, but the National Australia Bank has predicted things to seriously flatline next year.

The tightening from NAB comes in the form of a 10 per cent drop in loan-to-value (LVR) requirements, from 70 down to 60 per cent.

A new report has revealed a changing banking landscape with less emphasis on branch presence and more on third party broker channels. The J.P. Morgan

New figures reveal the widening gap in what is again becoming a two-tier mortgage market.