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LandMark White data breach: LandMark White (LMW), a property valuation service provider, has advised us of a data breach that has affected customers of a number of banks. The breach is limited to LMW’s system - our systems have not been breached. A small number of Bank Australia customers are affected by this incident who we are in the process of contacting. View details

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As part of creating prosperity, Bank Australia is actively involved in programs that are looking at different ways of helping people to realise their financial goals.

We are currently involved in the Australian Capital Territory (ACT) Land Rent Scheme and the South Australian Government’s initiative, HomeStart Finance.

The ACT Land Rent Scheme helps lower income households to build new homes by allowing them to rent rather than buy land, which is very expensive. By building on rented land, people can take out smaller loans to cover construction, making it more affordable.

Bank Australia has partnered with the South Australian Government’s initiative HomeStart Finance and Adelaide City Council to provide finance under a shared equity arrangement. Under the scheme, Adelaide City Council provides customers with a shared equity loan to purchase an apartment, which is only repaid when the apartment is sold. Eligibility is restricted to borrowers with limited income, with the balance of the purchase price financed by HomeStart or Bank Australia.

People
22 Feb 2019

4 Jan 2019

Prosperity
4 Jan 2019

People
26 May 2016