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Walker Corp goes green with new loans on flagship towers By Carolyn Cummins Property developer Lang Walker has struck an agreement with leading banks to create green loans for its flagship assets as it joins the push by all companies to focus on reducing their environmental impact and making buildings more sustainable. Under the deal, Walker Corporation, one of the country’s largest private developers, will create new green loans for its Parramatta Square in Sydney and Collins Square in Melbourne. The loans are with the Commonwealth Bank of Australia (CBA) and ANZ Bank. An artists impression of Lang Walker's $3.2b Parramatta Square project.CREDIT: It comes as the property sector embraces sustainability and focuses on the environmental, social, and governance (ESG) criteria of the business. It has become a priority for developers with more tenants now looking for higher rated properties to lease and investors using it as a key inclusion in a sale. Walker …

Mortgage costs to jump as interest rate rises loom, warns CBA ahead of Reserve Bank meeting By business reporter Michael Janda CBA is expecting interest rates to rise earlier and faster than many other institutions. (ABC News: John Gunn)

Australians could soon be paying more than $26 billion a year in extra mortgage repayments as interest rates begin to "normalise", but the Commonwealth Bank argues there are several reasons why most households will be able to cope just fine.

Key points: The RBA's interest rate decision will be announced at 2:30pm AEST, followed by a rare press conference from the governor No-one is expecting a rate rise, but there are likely to be announcements about the future of other measures that have kept mortgage rates very low CBA says households should be able to cope with a forecast rise in the cash rate from 0.1 to 1.25 per cent over the next two-and-a-bit years Read more