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Breaking News
‘Changes need to ensure remuneration is fairer’: MFAA CEO
by Annie Kane • 15 Feb 2023
Broker remuneration needs further changes, including removing the “cliff nature” of clawback, to ensure it is...
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MA Financial appoints CFO
by Adrian Suljanovic • 15 Feb 2023
The financial services group has announced the appointment of Giles Boddy as its new chief financial officer.
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Australian mortgagor confidence lowest in three years
by Fabian Cotter • 15 Feb 2023
Consumer confidence and sentiment have taken a sharp slide this week, latest research from major banks has revealed.
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Home loan broker handed 14-month sentence
by Fabian Cotter • 14 Feb 2023
A Sydney broker has received a court ICO after pleading guilty to loan fraud, ASIC has confirmed.
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Prospa’s total originations up 35% for 1H23
by Adrian Suljanovic • 14 Feb 2023
The SME lender has released its trading update for the half year ending 31 December 2022, reporting growth in total...
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Client retention at risk as fixed rates expire, Connective warns
by • 14 Feb 2023
As roughly $350 billion in fixed rate loans roll off this year, according to the central bank, Connective is reminding...
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Personal lender prices $300m ABS transaction
by Reporter • 14 Feb 2023
A $300 million renewable energy and personal loan ABS transaction has been priced by non-bank lender Plenti.
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REA Group reports ‘softening settlements’
by Annie Kane • 13 Feb 2023
While the financial services arm of REA grew its loan book in 1H23, it flagged that revenue and settlements have been...
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AFG chair to step down from board
by Adrian Suljanovic • 13 Feb 2023
The Australian Finance Group Limited has announced that Anthony “Tony” Gill is set to step down as chair of the...
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City teachers get $10k stamp duty help in country NSW lure
by Fabian Cotter • 13 Feb 2023
Helping cover stamp duty costs is just one way to encourage teachers into regional NSW, the government has explained.
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Property leaders cagey on 2023’s 1st rate hike
by Kyle Robbins • 13 Feb 2023
As the country reels from yet another cash rate increase, what will the ramifications of the RBA’s latest decision be...
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Loan Market Group to operate as one aggregator
by Annie Kane • 10 Feb 2023
The aggregation and franchise brokerage group has announced it is uniting all of its aggregation brands to become one...
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Credit facilities should be regulated as financial products: Levy
by Annie Kane • 10 Feb 2023
Quality of Advice Review author Michelle Levy has told government she believes credit facilities should be regulated as...
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Commercial lending fintech joins VOW/YBR lending panel
by Adrian Suljanovic • 10 Feb 2023
idutch has announced that it has joined the mortgage aggregator’s full lending panel, giving its brokers full access...
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Hot Property: The biggest property headlines from week 6–10 February
by Adrian Suljanovic • 10 Feb 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 10...
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Aggregators under threat as Revenue NSW chases payroll tax
by Annie Kane • 9 Feb 2023
The industry has been left reeling as Revenue NSW chases aggregators, sub-aggregators, and some brokerages for...
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Australian ‘housing choice’ gets stark reality check: Report
by Fabian Cotter • 9 Feb 2023
A new Property Council report has painted the “starkest picture yet” of Australia’s affordable housing plight.
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Pepper Money removes commercial finance clawbacks
by Adrian Suljanovic • 8 Feb 2023
The non-bank lender has announced the removal of clawbacks for its commercial finance products during a time of strong...
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Connective announces new state manager for NSW
by Adrian Suljanovic • 8 Feb 2023
The aggregator has announced the appointment of Melanie Griffin as the new state manager for NSW.
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Prospa unveils rebrand, launches business accounts
by Reporter • 8 Feb 2023
SME lender Prospa has rolled out a new logo design signifying its “new era in small business financial management...
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Non-bank lender joins its 3rd aggregator panel
by Adrian Suljanovic • 8 Feb 2023
Bridging loan specialist Bridgit has announced that it has expanded its broker offering through entering a partnership...
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RBA reveals February cash rate
by Fabian Cotter • 7 Feb 2023
Australia’s central bank has revealed a cash rate hike to start 2023.
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Australia’s top brokerage for 2023 revealed!
by Annie Kane • 7 Feb 2023
The leading brokerages in Australia have been revealed in The Adviser’s Top 25 Brokerages 2023 ranking, partnered by...
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Just 11% of buyers are FHBs: AFG
by Annie Kane • 7 Feb 2023
The proportion of first home buyers has continued to drop, with AFG data finding that just 11 per cent of borrowers...
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New review considers new mandates for payment terms
by • 7 Feb 2023
An independent review will consider whether mandating “five-day” payment terms on electronic invoices would be...
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