Westpac dumped from First Home Loan Deposit Scheme

In what is turning out to be a very bad week for the bank, Westpac has allegedly been axed as the second major lender for the governments’ First Home Loan Deposit Scheme over reputational risk concerns.

Customer-owned banks grow rapidly in 2019

Customer-owned banks (aka mutual banks) have emerged from a tough 2019 relatively unscathed, according to a new independent report from KPMG.

10 Sydney property market predictions for 2020

Australia’s most-talked-about property market, Sydney, looks to be heating up at the moment, with a 5% gain in median home values over the three months to 31 October 2019.

Population growth stifles housing affordability

While the recent property downturn improved asking prices and serviceability, affordability in Sydney and Melbourne remains an issue due to high population growth.