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IO borrowers increasingly turning to friends for finance
by Reporter • 12 Jul 2018
Writing in a bulletin titled Profiling Australia’s ‘interest-only’ borrowers, Westpac senior economist Matthew... READ MORE
‘Impractical’ credit rules could victimise borrowers
by James Mitchell • 11 Jul 2018
Speaking to The Adviser, Go Mortgage director and principal Xavier Quenon explained that consumers could be left... READ MORE
Bank grilled over seizure of farmer’s home
by Reporter • 29 Jun 2018
Fronting the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry on... READ MORE
Investors abandon interest-only loans
by Reporter • 28 Jun 2018
Comparison website RateCity analysed the latest APRA property exposures figures and found that at least 48.5 per cent... READ MORE
ANZ sells SME banking business
by Reporter • 27 Jun 2018
Kina Bank, a wholly owned subsidiary of Kina Securities Limited, a PNG company listed on the Australian and Port... READ MORE
Businesses digging deep as bank fees soar
by • 22 Jun 2018
Since 1997, the Reserve Bank of Australia (RBA) has conducted an annual survey of bank fees.
On the back of a small... READ MORE
Future credit tightening to be ‘modest’: RBA
by Reporter • 21 Jun 2018
In minutes released from the Reserve Bank of Australia (RBA) June board meeting, the central bank made reference to... READ MORE
Former credit rep permanently banned
by Reporter • 18 Jun 2018
The Australian Securities and Investments Commission (ASIC) has permanently banned former credit representative Mr... READ MORE
Average mortgage could be $1.45m by 2043
by Reporter • 15 Jun 2018
In the 25 Years of Housing Trends report by Aussie Home Loans and research company CoreLogic, it has been revealed... READ MORE
NSW borrowers getting better rates than Queenslanders
by Reporter • 15 Jun 2018
An analysis of HashChing’s settlement data from March 2017 to April 2018 across 11 lenders found that lower... READ MORE
Borrowers urged to switch mortgage providers
by Reporter • 11 Jun 2018
The comparison website calculated that a family with a $350,000 loan looking for a fully featured mortgage can save... READ MORE
Over 30% of family income going towards mortgage
by Reporter • 6 Jun 2018
According to the March quarter edition of the report, the proportion of median family income required to meet average... READ MORE
New payments app backed by major banks launches
by Tas Bindi • 1 Jun 2018
First announced in October 2017, Beem It is a peer-to-peer payments app owned by the Commonwealth Bank (CBA),... READ MORE
Bankwest business customers ‘forced’ into bankruptcy
by Reporter • 1 Jun 2018
Stretched over several days of hearings, the banking royal commission heard testimony from four former business... READ MORE
FOS admits its decision on widow’s loan repayments was ‘wrong’
by Tas Bindi • 1 Jun 2018
The financial services royal commission learnt that Suncorp chased widow Jennifer Low for the repayment of the last... READ MORE
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