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Australian banks’ assets grew by 17.5 per cent in the 06/07 financial year, driven by strong growth in housing loans.
APRA’s Quarterly Bank Performance report released today showed that total housing loans increased by 13.3 per cent over the year to reach $777.9 billion.
Lending for housing continues to be a strong area for both banks and mutuals, with APRA's Quarterly Credit Union and Building Society Performance report released on Tuesday revealing similarly strong growth in housing loans for mutuals.
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A former broker head has returned to MyState Bank to tackle turna...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
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