Former prime minister Paul Keating has weighed in on the issue of investor lending by calling on the government to rein in borrowing SMSFs. Speaking at a MaxCap banking forum in Melbourne, Mr Keating said the “dramatic acceleration” in investor lending was a direct result of SMSFs and their ability to borrow. “If I was […]
A new report has shown Australians are the richest people on the planet and, apparently, it’s all thanks to our houses. And the root cause of our good luck? Yes, it’s home ownership. The study found that the average Aust household had $319,700 of equity in their homes, which represented about 60 % of each […]
Consumers remain pessimistic about the Australian economy for the eight Consecutive month, but it isn’t as bad as it seems. Even though October marks the eight month that Westpac Melbourne Institute of Consumer Sentiment scored below 100- which indicates that pessimists outnumbered optimists – it isn’t all bad news. Bill Evans, chief economist at Westpac […]
CBA chief executive Ian Narev has spoken frankly about the importance of Consumer trust, following revelations about poor financial advice within the bank earlier this year. Speaking at an American Chamber of Commerce lunch, Mr Narev said the topic of trust within financial services has been a “big topic of conversation at the CBA over […]
