How borrowers have avoided falling off the fixed rate property loan cliff | The company | ABC News

The Commonwealth economic organization says fears about borrowers falling off the fixed rate property loan cliff have largely been averted as households find work arounds in the face of higher finance charge rates. The bulk of CBA’s remaining fixed rate loans rolled on to variable rates in September last year. The Commonwealth economic organization says … Read more

Commonwealth lender boss warns an increase in bad loans is likely | The enterprise | ABC News

The Commonwealth lender has reported an 8 per cent drop in net profit in its half-year results, with chief executive officer Matt Comyn warning the financial strain hitting customers and the lender’s bottom line will continue through the year. He also says he expects to see an increase in bad loans and that downside risks … Read more