Breaking News

NAB swings the axe with bank to cut 6% of workforce
by Charlie Tchetchenian • 20 Oct 2026
NAB will eliminate up to 2500 internal roles or approximately 6 per cent of its workforce, under a sweeping... READ MORE

Mortgage slowdown sharpens tensions over selective cashback offers
by Charlie Tchetchenian • 20 Oct 2026
Banks risk damaging their networks of mortgage brokers by chasing short-term market share gains with exclusive cashback... READ MORE

Major bank CEOs to face Senate inquiry over offset failures
by Charlie Tchetchenian • 20 Oct 2026
Australia’s banking chiefs face demands for answers as scrutiny intensifies over major offset failures, which have... READ MORE

SFG adds Remara Money to lender panel
by Ben Squires • 20 Oct 2026
The non-bank has become the latest addition to the group’s lender panel, giving accredited brokers across the SFG... READ MORE

FHBs increasingly being edged out of new housing market
by Charlie Tchetchenian • 20 Oct 2026
First home buyers’ foothold in new housing is shrinking as financial pressures reshape market participation. READ MORE

FHB loan sizes jump as rate rises blunt 5% Deposit Scheme saving...
by Charlie Tchetchenian • 19 Oct 2026
First home buyer mortgages have climbed substantially since the federal government expanded its 5% Deposit Scheme,... READ MORE

Borrowers reveal why they are deserting the housing market
by Charlie Tchetchenian • 19 Oct 2026
Australians across the country are delaying property purchases while waiting for cheaper homes and steadier interest... READ MORE

Anja Pannek elected to board of small business peak body
by Charlie Tchetchenian • 19 Oct 2026
MFAA chief executive Anja Pannek has been elected to the board of the Council of Small Business Organisations... READ MORE

BOQ mortgage book plunges as bank flags reduced broker reliance
by Charlie Tchetchenian • 16 Oct 2026
Bank of Queensland has reported a major annual mortgage contraction while signalling plans to reduce its reliance on... READ MORE

Aggregators lash elevenfold jump in brokers’ CSLR special levy
by Charlie Tchetchenian • 16 Oct 2026
Aggregator leaders have condemned the elevenfold increase in brokers’ CSLR special levy and are demanding urgent... READ MORE

Broker hit with hefty penalty for exploiting migrant workers
by Charlie Tchetchenian • 16 Oct 2026
A Melbourne-based finance brokerage has been hit with a massive penalty after exploiting vulnerable workers, including... READ MORE

Household spending on mortgages reaches 3-decade high
by Charlie Tchetchenian • 16 Oct 2026
New figures have revealed how deeply housing debt is cutting into incomes as repayment pressures intensify. READ MORE

ASIC finds aggregators under-reporting complaints against brokers
by Charlie Tchetchenian • 15 Oct 2026
The financial regulator has uncovered gaps in complaint reporting, which it said raised questions about the picture... READ MORE

Mortgage demand collapses as refinancing retreat gathers pace
by Charlie Tchetchenian • 15 Oct 2026
Australia’s mortgage downturn has deepened, with refinancing weakening as affordability pressures weigh on borrowing... READ MORE

Lodgements drop at AFG as majors gain ground
by Charlie Tchetchenian • 15 Oct 2026
AFG’s latest figures have revealed softer mortgage activity alongside a marked shift in reported lender shares. READ MORE

RBA hints at further hikes in ‘hawkish’ minutes
by Charlie Tchetchenian • 15 Oct 2026
The RBA has left further interest rate increases on the table in September meeting minutes, which the major banks have... READ MORE

Mortgage industry says cheapest isn’t always best after BID review
by Charlie Tchetchenian • 14 Oct 2026
Industry leaders have backed stronger standards while warning that price alone cannot settle every borrower’s... READ MORE

NGM Group names insider to succeed founding CEO
by Charlie Tchetchenian • 14 Oct 2026
NGM Group has appointed an internal senior executive as its next CEO. READ MORE

How does ASIC evaluate ‘cheapest loans’?
by Annie Kane and Charlie Tchetchenian • 13 Oct 2026
The financial services regulator has lasered in on how mortgage brokers evaluate, present, and justify the cost of a... READ MORE

ASIC releases best interests review findings
by Annie Kane and Charlie Tchetchenian • 13 Oct 2026
A major report on how brokers are adhering to the best interests duty and handling complaints has been released by the... READ MORE

Mortgage burden edges towards near 40-year high
by Charlie Tchetchenian • 13 Oct 2026
Australian households are facing a mounting repayment squeeze, with another rate rise threatening a historic... READ MORE

MFAA challenges proposed 1,000% surge in brokers’ CSLR levy
by Charlie Tchetchenian • 13 Oct 2026
The MFAA is questioning a steep proposed increase in brokers’ CSLR special levy bill and is seeking answers from... READ MORE

Prime Capital launches broker portal
by Charlie Tchetchenian • 13 Oct 2026
The non-bank lender has unveiled a digital addition to its broker service, extending existing technology. READ MORE

ASIC commissioner joins Women in Finance Summit 2026
by Reporter • 13 Oct 2026
Commissioner Kate O’Rourke has been confirmed as a headline speaker for the upcoming Women in Finance Summit 2026,... READ MORE

Aggregators back lender competition as Suncorp closes loan...
by Charlie Tchetchenian • 12 Oct 2026
Aggregators have stressed that lending competition remains strong following Suncorp Bank’s closure to new... READ MORE