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Australian Finance News
Property Investor Demand For Mortgages Highest In Six Years
A survey conducted by a leading mortgage broker suggests that investors returning after their summer holidays took the largest share of the home loan market since 2004.
Australian Credit Card Borrowers Face Higher Interest Rates
Australian credit card holders face the spectre of higher monthly payments as major lenders increase their interest rates in response to the central bank tightening official cash rates.
Australian’s Increasingly Switching From Credit Cards Into Debit Cards
Australian consumers are increasingly transitioning away from credit cards and into debit cards instead, as concerns over personal finance become more acute, and major lenders engaged in a big marketing push.
Mortgage Choice Plans Assault On Mortgage Lending Market
The largest independent mortgage broker in Australia says it intends to launch an assault on the $1 trillion home loan market.
Michael Russell, chief executive of mortgage broker Mortgage Choice says the company is looking at various options for funding that would enable the broker to create a host of home loan products "that are every bit as competitive as the best of the products we have on our panel".
ANZ Wins In Principle Approval For Banking In India
Australian banking major ANZ has won an in principle regulatory approval from the Indian central bank for a foreign banking license in the country, which represents an advancement of its ambitions to transform into a super-regional lender.