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CPI returns to RBA target band
by Ben Squires • 30 Oct 2024
New CPI figures have shown inflation returning to the RBA’s target range for the first time since 2021.
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New loan volumes up 16% YOY
by Ben Squires • 30 Oct 2024
PEXA has revealed year-on-year increases in both residential and commercial new loan volumes for the September 2024... READ MORE
ASIC warns of potential AI ‘governance gap’
by Ben Squires • 30 Oct 2024
Nearly half of the licensees in ASIC’s review did not have AI policies in place that considered fairness,... READ MORE
Housing Australia approved almost $880m in AHBA loans in FY24
by Ben Squires • 30 Oct 2024
The national housing agency’s loans have supported the supply of more than 2,400 social and affordable homes across... READ MORE
Mutual bank partners with Mission Australia
by Ben Squires • 30 Oct 2024
Great Southern Bank has announced a partnership with the charity that will deliver energy and efficiency upgrades to... READ MORE
Qld and WA top SME growth forecasts: ScotPac
by Ben Squires • 29 Oct 2024
SMEs in the two states have surged to the top of national rankings for projected business growth.
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AFCA calls for industry response to rise in First Nations complaints
by Ben Squires • 29 Oct 2024
Complaints from Aboriginal and Torres Strait Islander peoples surged by 25 per cent in the past financial year,... READ MORE
Rise in demand for hybrid and EV loans from borrowers under 35
by Ben Squires • 29 Oct 2024
Data from a major bank has revealed a significant increase in the number of hybrid and EV new car loans for young... READ MORE
Most Australians have experienced a cyber attack: NAB
by Ben Squires • 29 Oct 2024
The major bank’s latest cyber security report has highlighted the escalating threat of cyber crime to brokers and... READ MORE
AFCA complaints hit new record in FY24
by Annie Kane • 28 Oct 2024
The financial complaints body received more than 100,000 complaints in a financial year for the first time, setting a... READ MORE
Governments should ‘reassess’ home buyer offerings: Lendi Group...
by Annie Kane • 28 Oct 2024
With state elections on the horizon, the CEO of Lendi Group has urged governments to “think of new strategies” to... READ MORE
Lending laws ‘holding back the Australian dream’: Senator Bragg
by Annie Kane • 25 Oct 2024
After hearing evidence from the banking industry in the final hearing for the Senate home ownership inquiry, senator... READ MORE
APRA defends 3 per cent buffer, flags that exceptions are available
by Annie Kane • 25 Oct 2024
The prudential regulator has told the Senate inquiry that it believes the 3 per cent buffer is appropriate, but... READ MORE
Non-major bank adopts e-signature technology
by Annie Kane • 25 Oct 2024
The lender has implemented the eSign feature into its lodgement system to enable brokers to use digital signatures in... READ MORE
Hot Property: The biggest property headlines from the week 21–25...
by Reporter • 25 Oct 2024
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 25... READ MORE
ASIC unconvinced easing RLOs would increase ‘affordable credit’
by Annie Kane • 24 Oct 2024
An ASIC commissioner has cast doubt on suggestions that easing responsible lending obligations would make credit more... READ MORE
ABA backs ‘conversations’ on changing buffers
by Annie Kane • 24 Oct 2024
The banking industry association has told the Senate home ownership inquiry it believes APRA’s 3 per cent... READ MORE
MyState/Auswide merger in ‘best interests’ of shareholders
by Annie Kane • 24 Oct 2024
“Extensive due diligence” on the MyState/Auswide Bank merger has convinced the bank boards that it would be “in... READ MORE
Brighten launches new broker portal
by Annie Kane • 24 Oct 2024
The non-bank has released a new, cloud-based broker portal to help enhance its broker offering.
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‘A bad tax’: Housing Minister says stamp duty should be axed
by Juliet Helmke • 24 Oct 2024
Federal Housing Minister, Clare O’Neil, has made it clear she’s no fan of states and territories’ current... READ MORE
Brokers will get to 80% market share: Greg Medcraft
by Annie Kane • 23 Oct 2024
The former ASIC chairman has said he believes broker market share will surpass 80 per cent.
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Entourage Finance announces another acquisition
by Annie Kane • 23 Oct 2024
Victorian-based brokerage Entourage Finance has continued its merger and acquisition moves by purchasing another... READ MORE
Pepper marks 10 years of asset finance
by Annie Kane • 23 Oct 2024
The non-bank lender has originated $16 billion in asset finance loans across 400,000 customers in its first... READ MORE
Aggregator welcomes new C-level executive member
by Annie Kane • 23 Oct 2024
A new C-level member has been appointed at Connective, as the aggregator continues to add to its senior leadership... READ MORE
Industry rails against broker remuneration review calls
by Annie Kane • 22 Oct 2024
The mortgage broker associations have defended the industry after a Senate committee was urged to review broker... READ MORE
Firstmac launches Commercial SMSF loan
by Annie Kane • 22 Oct 2024
The lender has launched a new commercial SMSF property loan, its first foray into business lending.
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Borrowers targeted in new financial scam
by Ben Squires • 22 Oct 2024
Criminals are offering fake no-interest loan schemes and financial assistance packages to those experiencing hardship,... READ MORE
New loan solution launches for temporary residents
by Annie Kane • 22 Oct 2024
A new loan product has been launched by non-bank lender Uptain to support temporary residents in property... READ MORE
Loralle Slater to step down from RedZed, successor appointed
by Annie Kane • 22 Oct 2024
RedZed’s chief sales and marketing officer, Loralle Slater, will depart this week, with NAB's former head of private... READ MORE
Consumer bodies call for ASIC review of broker remuneration
by Annie Kane • 21 Oct 2024
The Senate home ownership inquiry has been advised to direct ASIC to review broker remuneration and “the quality of... READ MORE
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