Tradie income dives, consumer debt climbs 22 April 2021 6:07AM The self-employed are, or were, doing it tough, with a fall of 11 per cent in income over the year to September 2020, the ABS’s Household financial resources publication shows. read more
INNER CITY RENT STRESS TESTS BANKS 15 April 2021 6:00AM In Melbourne and Sydney, it’s a renters market and lending for investment housing is taking off as the epicentre of credit stress in banking. Rents on two bedroom units in Melbourne, the worst hit mar.. read more
Westpac weakest as Fitch reverts to Stable outlook, holds A+ rating on major banks 14 April 2021 7:29AM Praising Australia’s handling of the pandemic, Fitch Ratings has revised the outlook for the Big Four banks' credit ratings back to Stable from Negative. Their ratings remain at A+. read more
COMMERCIAL DEVELOPERS ON THE ROPES 12 April 2021 4:56AM The approaching breakdown among commercial property developers, it’s organised crime. read more
Pandemonium in the rental market 12 April 2021 4:55AM Rents are cratering in Melbourne and Sydney. read more
RBA balances for bank surplus 12 April 2021 4:41AM Twelve weeks remain for the TFF, and A$92 billion could go to waste. read more
Junk card insurance lands Westpac in court 09 April 2021 5:42AM The sale of consumer credit card insurance by Westpac to a handful of customers sees the bank back in court, sparring with ASIC. read more
CBA systems strife aired in fees claim 06 April 2021 5:45AM The languid culture at the top of Commonwealth Bank and its lousy systems and technology receive brutal treatment in the opening round of Federal Court proceedings bought by ASIC over alleged wrongful.. read more
Brown ready for bruising mortgage class action 01 April 2021 6:50AM After more than seven years work, a high-minded class action on behalf of bank customers with mortgage loans from Australian banks is closer to the stage of finally recruiting class members. read more
APRA on high alert over mortgage credit 31 March 2021 6:01AM APRA says it is “giving careful thought to which tools might work best” if it needs to act on housing prices and housing credit. read more