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Breaking News
RBA makes interest rate decision
by Reporter • 2 Jun 2015
The Reserve Bank of Australia has announced the result of its monthly board meeting.
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NAB unveils new investor lending policies
by Reporter • 2 Jun 2015
NAB Broker and Advantedge have changed their home loan policies for investors, following a similar move by a rival...
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Dramatic fall in investor lending: APRA stats
by Reporter • 2 Jun 2015
New data from APRA shows that its crackdown on investor lending may be working.
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Westpac offers 0.49pc rate discount to borrowers
by Reporter • 2 Jun 2015
Westpac has announced it will offer a two-year introductory variable rate discount for its owner-occupier and investor...
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Cash rate tipped to remain on hold
by Reporter • 2 Jun 2015
Experts unanimously agree that the Reserve Bank of Australia will leave the cash rate on hold at today’s monthly...
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Westpac finance manager faces fraud charges
by Reporter • 1 Jun 2015
David St Pierre, a former home finance manager at Westpac, has appeared in the Southport Magistrates Court facing...
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Broker-planner JVs on the rise, says aggregator
by • 1 Jun 2015
New business structures are being formed between mortgage brokerages and financial planning firms in place of...
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Property transfers increasingly moving online
by Reporter • 1 Jun 2015
Faster settlements will soon be available to more Australians, with the country’s new electronic conveyancing network...
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Concerned consumers paying off debt faster
by Reporter • 1 Jun 2015
New data by Mortgage Choice reveals the majority of Australians are worried about their financial situation.
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Loyal brokers tipped to benefit from APRA investment focus
by reporter • 29 May 2015
As Australia’s banks continue to tighten their lending policies for the investor market, a prominent broker believes...
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Banks to pay up to $6m each to fund regulator
by Reporter • 29 May 2015
APRA has revealed it will pay particular attention to housing lending standards next financial year as discussions...
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Calls for federal housing minister grow louder
by Reporter • 29 May 2015
A mortgage broking association has urged the appointment of a federal housing minister, which it says will help make...
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Coastal communities post impressive capital gains
by Reporter • 29 May 2015
House prices in key regional centres are growing at rates that would make some capital cities envious.
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Suncorp Bank cuts rates to 4.15pc
by Reporter • 28 May 2015
Suncorp Bank’s standard variable and three-year rates now start from 4.15 per cent following cuts of up to 34 basis...
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Bank changes name, unveils new products
by Nick Bendel • 28 May 2015
One lender has made massive changes, with a new name, new home loans and new fixed-rate options.
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Economist pours water on housing tax idea
by Lara Bullock • 28 May 2015
A new investment tax measure designed to cool the red-hot Auckland market isn’t the answer to slowing the Sydney...
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Lender completes $1bn RMBS deal
by Reporter • 28 May 2015
One non-bank lender has completed a major Australian residential mortgage-backed securities (RMBS) deal, with the help...
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ACCC voices ‘widespread concerns’ about credit repair firms
by Nick Bendel • 27 May 2015
Credit repair companies regularly mislead and exploit vulnerable consumers, according to a regulator’s report.
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Mortgage group unveils record low rate
by Nick Bendel • 27 May 2015
LJ Hooker Home Loans has made a cut of 35 basis points to its white-label product.
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Central bank tightens investor LVRs
by Nick Bendel • 27 May 2015
Australian regulators could be keeping a close eye on New Zealand after new investor rules were introduced by its...
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Another federal housing inquiry gets underway
by Reporter • 27 May 2015
Australia’s parliament has launched an inquiry into home ownership in a sign that affordability remains a key...
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Sydney broker pleads guilty to $7m fraud
by Reporter • 26 May 2015
A former Aussie Home Loans broker has pleaded guilty to three fraud charges brought by ASIC.
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Broker faces court for alleged $12m fraud
by Reporter • 26 May 2015
A mortgage broker has appeared in court after ASIC alleged he operated a Ponzi scheme.
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Westpac poaches leading CBA third-party executive
by Reporter • 26 May 2015
Former Commonwealth Bank executive Lyn Cobley has been appointed Westpac Institutional Bank’s new group executive.
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Bank working weekends to fix turnarounds
by Nick Bendel • 26 May 2015
ME Bank has been working extended hours to get turnarounds back on track after its 3.99 per cent rate contributed to a...
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