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Breaking News
As home loans fall, NAB eyes business lending ‘homeland’
by Fabian Cotter • 10 Nov 2022
The Australian home lending system “will probably drop” to 2.5–3 per cent growth in 2023, NAB has forecasted.
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Opportunity beckons for brokers in manufacturing: CAFBA
by Malavika Santhebennur • 10 Nov 2022
With manufacturing returning onshore in Australia, it opens doors for brokers to offer tech-based lending services to...
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NSW shared equity gets the green light
by • 10 Nov 2022
The state’s key workers, single parents and older singles can tap into the government’s shared equity scheme after...
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ScotPac launches new digital toolbox
by Adrian Suljanovic • 10 Nov 2022
The non-bank SME lender has announced the launch of a new partner portal for brokers and advisers.
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The Block dramas ‘a sign of the times’, presenter says
by Fabian Cotter • 9 Nov 2022
Auction insights, record bids, and houses “passed in” — this season’s The Block had it all and then some.
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Demand rises for business credit: Equifax
by Annie Kane • 9 Nov 2022
Overall business credit applications grew by 3.1 per cent in the September quarter despite economic volatility, Equifax...
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NAB extends $1k flood grant for customers
by Adrian Suljanovic • 9 Nov 2022
The major bank has extended the availability of its $1,000 grants for flood-impacted customers until 22 November 2022.
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Deposit Power recruits new GM, sales and distribution
by Adrian Suljanovic • 8 Nov 2022
The bond provider has appointed Brent Davidson as the new general manager of sales and distribution.
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AFG bolsters partnership manager team with new recruits
by Adrian Suljanovic • 8 Nov 2022
The aggregator has strengthened its partnership manager team with the recruitment of two NSW-based staff members.
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CreditorWatch streamlines business payments following recent...
by Adrian Suljanovic • 8 Nov 2022
Commercial credit reporting bureau CreditorWatch has announced the acquisition of an automated receivables management...
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Brokers originate nearly 3/4 of guarantee schemes
by Jasmine Siljic • 7 Nov 2022
Mortgage brokers are the main origination channel for the government’s home guarantee schemes, the NHFIC has...
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Non-majors follow suit with rate hikes
by Adrian Suljanovic • 7 Nov 2022
The non-major banks are passing on the Reserve Bank of Australia’s most recent rate hike in full.
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Rate increases’ ‘full impact’ will be felt mid-2023: HIA
by Fabian Cotter • 7 Nov 2022
The RBA’s cash-rate tightening is weighing heavily on demand for housing, with full impact only late next year.
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Fringe lending practices in ASIC’s sights
by Fabian Cotter • 4 Nov 2022
Mortgage stress could lead consumers to seek out fringe lending practices, now a particular area of ASIC’s focus.
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Yellow Brick Road enters agreement with Servian
by Reporter • 4 Nov 2022
Yellow Brick Road Home Loans has announced that it has signed an agreement with a Cognizant company, Servian.
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Winners revealed for Women in Finance Awards 2022
by Malavika Santhebennur • 3 Nov 2022
There were 29 winners at this year’s Women in Finance Awards, including five from the broking industry.
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Newcastle Permanent-Greater Bank merger approved by members
by Annie Kane • 3 Nov 2022
Members of the two banks have green-lit their merger, with Newcastle Greater Mutual Group Ltd set to come into being...
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Black economy targeted in ABN tax reform
by Fabian Cotter • 3 Nov 2022
Proposed annual ABN changes enmeshed in tax compliance are “fair and reasonable”, the FBAA has acknowledged.
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Mortgage broking ‘under threat’ from disruption: Broker
by Malavika Santhebennur • 3 Nov 2022
Mortgage broking is in a state of flux as home loans become more automated, but that does not have to spell doom, a...
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Nectar Group appoints new Melbourne-based BDM
by Adrian Suljanovic • 3 Nov 2022
The Nectar Group has announced the recruitment of a new Melbourne-based national business development manager.
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Non-bank lender rebrands following acquisition
by Annie Kane • 2 Nov 2022
MKM Capital has unveiled a new name and branding as it moves to more closely align with its new parent company, MA...
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Govt allocates $877m for flood-affected businesses
by Adrian Suljanovic • 2 Nov 2022
The federal and Victorian governments have announced an $877 million recovery support package to support businesses...
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Only 1 Aussie region bucked October’s nationwide decline trend:...
by Grace Ormsby • 2 Nov 2022
Just one Aussie region maintained its market resilience over the last month.
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RBA calls 2.85% November cash rate
by Fabian Cotter • 1 Nov 2022
Mortgage holders brace for further repayment pain as the November cash rate has jumped to 2.85 per cent.
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Cash rate to surpass 4% in next year: survey
by Fabian Cotter • 1 Nov 2022
Cash rate increases will impact consumer spending habits more than mortgage repayments and property costs, Joust has...
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