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Westpac's decision to cut its standard variable home loan rate by more than the reduction in the cash rate is not the first time the bank has made such a move. read more

Building society IMB has launched a share buyback, allocating A$16 million to an off-market tender process. read more

Mortgage lenders will be passing on the full 25 basis point reduction in the cash rate, if the rate changes announced yesterday are any guide. read more

Australia's electronic property conveyancing exchange PEXA has launched full online property transfer functionality in Victoria and is on track to offer the same facility in Queensland and Western Aus.. read more

Building society Wide Bay Australia has been ordered to improve its responsible lending practices, after the Australian Securities and Investments Commission found that it relied on information provid.. read more

Growth in lenders' business credit portfolios last year was modest, compared with growth in mortgage balances, but an encouraging sign for lenders is that the rate of growth doubled during 2014. read more

Almost half of Australia's households are putting some savings away each month and many would like to be saving more. read more

Homebuyers are betting that variable mortgage rates will stay low, or possibly go lower, and are avoiding fixed-rate loans, according to reports issued by two of the biggest mortgage brokers yesterday.. read more

All four of the big banks cut their at-call deposit rates in January and at least a dozen smaller deposit-takers followed suit. read more

The strong growth in lending to residential property investors, which has caused concern at the Reserve Bank and the Australian Prudential Regulation Authority, is being driven by small lenders. read more