Expenses rose by 2% due to increased investment spending, primarily concentrated in the second half of 2024. Additionally, high interest rates and rising cost-of-living pressures are affecting households’ ability to make timely loan repayments and impacting the performance of Australian banks. Banks...
(Reuters) - Australian lender Westpac Banking Corp will cut around 300 jobs in its consumer and business banking segments at a time of strong profit growth amid rising interest rates and soaring inflation, a local trade body said. The Finance Sector Union of Australia (...
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Along with the 30 per cent cap on interest only mortgages, APRA will remove the 10 per cent cap on the growth in investment property loan books. This will go some way to alleviating the liquidity issues in the mortgage market, but it does not mean someone with an interest only mortgage w...
Balance transfer credit cardsenable you to consolidate debt and potentially reduce interest rates. Find out more aboutWestpac's credit cardoptions. Westpac Online Investment Banking Westpac Online Investing offers you a variety of tools, insight and support to manage your investment portfolio. On the ...
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