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Responsible lending

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The Bank of Mum and Dad is one of Australia’s most popular lenders.

Giving money to your kids? Here’s how to avoid catastrophe

More and more parents are looking at ways to gift their children money while still having enough for themselves.

  • Nicole Pedersen-McKinnon

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Credit risk is growing more quickly among under-30s than for other age groups.

Australia’s generation gap: Default risk rising faster for under 30s

There are signs that higher interest rates and a slowing economy are now taking a disproportionate toll on young Australians.

  • Matt Wade
Non-bank lender stepping in to fund developments as main banks pull back

Shadow bank lending on the rise as big four pull back

Shadow bank lenders are seeing a rise in demand as the traditional banks tighten their loan books to ward against major defaults in commercial property.

  • Carolyn Cummins
The completed Fortis retail and commercial building at 2 Guilfoyle Avenue, Double Bay.

Lending strong to high-end commercial property projects

Commercial property loans from traditional banks and non-bank institutions are at record highs despite global market volatility.

  • Carolyn Cummins
Parents thinking of going guarantor for their child’s mortgage are being warned to be careful.

Parents warned about being their kids’ guarantor as property prices fall

Falling house prices and higher interest rates should make parents wary of being on the hook for their child’s mortgage should anything go wrong.

  • John Collett
Petrol is one of the essential household expenses that has skyrocketed of late.

Buy-now-pay-later borrowers rake in cash as families feel financial pinch

Families borrowing from “subprime lenders” are loading up on buy-now-pay-later products and credit card debt just to cover their essentials.

  • Noel Towell
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The regulators are getting ready to step into the property market and limit lending.

Regulators poised to intervene in Sydney, Melbourne property boom

Sydney and Melbourne home buyers face tougher lending standards within months as house prices in the two largest Australian cities rise hundreds of dollars every day.

  • Jennifer Duke and Shane Wright
House prices

IMF calls on regulators to rein in booming Sydney, Melbourne house prices

Australian regulators have been urged to cool the booming housing market, with the IMF warning a property price correction would pose a significant risk to the nation’s economic stability.

  • Shane Wright and Jennifer Duke
Afterpay is currently working on a merger with US group Square.

Afterpay tells us we’re suckers for the illusion of ‘free’

Markets don’t work in the simple, transparent, what-you-pay-is-what-you-get way assumed by economics textbooks.

  • Ross Gittins
Greens Senator Nick McKim.

‘Creating massive uncertainty’: Government told to act on responsible lending laws

Greens senator Nick McKim will move a motion on Monday to get the federal government’s planned changes to lending laws knocked off the notice paper unless it is taken to a vote by the end of the week.

  • Jennifer Duke

Original URL: https://www.theage.com.au/topic/responsible-lending-1mqx