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Latest News

Latest News

Comprehensive credit reporting

NAB has kicked off Comprehensive Credit Reporting (CCR) for personal loans, credit cards and overdrafts, well ahead of the scheme's expected implementation in July.

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Banks tighten assessment policies

NAB has made a change to its home lending policy amid concerns over the rising household debt to income ratio and as APRA zeroes in on loan serviceability.

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Aussies unaware of their mortgage rate

An overwhelming majority of borrowers do not know their home loan rate, with 86 per cent of Australians also unaware of their monthly expenses, a new study has revealed. The Know Your Number Index, commissioned by digital bank UBank, examined Australians' knowledge of their household and entertainment expenses. The study was conducted on an online permission-based panel between Thursday 18 January and Monday 22 January 2018 and involved 1,015 people aged 18-64 years who owned their own home with a mortgage.

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First home buyers are back

First home buyers are making a strong return to the property market. They accounted for almost two in five sales in new housing markets and around one in three in established markets in the December quarter, latest NAB data shows.

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