As read in the Aust Broker Online, ANZ’s Bank chairman David Gonski has said interest rates are only one factor in the economy’s performance as he urges the Reserve Bank not to cut rates next month. Speaking at a business lunch in Sydney, Gonski said that lower oil prices and the falling dollar were already […]
As read in the Aust Broker Online, a major bank says mandatory Comprehensive Credit Reporting (CCR) recommended in David Murray’s Financial Services Inquiry would be costly and inefficient. The Final Report of Murray’s Financial Systems Inquiry recommends industry efforts to expand credit data sharing under the new voluntary CCR regime. However, if participation is inadequate […]
As read in the Courier Mail, paying more than the minimum amount off your mortgage can save you hundreds of thousands of dollars over the term of the loan. And with interest rates at record lows the potential to save is even greater. So if you are one of many homeowners choosing to pay just […]
As read in the Australian Broker online, declining job advertisements signals the need for further monetary policy easing, says ANZ’s chief economist. According to ANZ’s Job Advertisement Series, job adverts fell 1.4% in March for the first time after 9 months of rises. Despite declining slightly in March, job adverts still remain elevated. However, this […]
The number of foreign buyers has reached has reached record levels in Victoria, where they accounted for 32.5 % of all new property sales in the fourth quarter of 2014. While foreign buyers were less prevalent in new housing markets nationally in the fourth quarter, accounting for 14.8 % of demand compared with 16.8 % […]
Wide Bay Australia shareholders have approved a change of name to Auswide Bank at a general meeting. The Queensland-based lender will now seek consent from APRA to move to bank status from April 1. APRA’s consent is required before it can use the work ‘bank’. Wide Bay chairman John Humphrey said the name change is […]
Australians are keeping well ahead of their mortgage repayments, utilizing consistently low interest rates to pay loans off faster. Results from Citibank’s 2014 financial survey show a quarter of the population are mortgage free home owners, up 9% from 2007. News Ltd spoke to Citibank’s head of banking solutions and wealth management, Deidre Wroth, who […]
As read in Mortgage Business – Tony Abbott has outlined a range of new fees and penalties that would make like harder for foreign real estate investors. The federal government has asked the public to comment on a new options paper, which has proposed to increase compliance requirements for investors, developers and third parties, such […]
As read in Mortgage Business – Tony Abbott has outlined a range of new fees and penalties that would make like harder for foreign real estate investors. The federal government has asked the public to comment on a new options paper, which has proposed to increase compliance requirements for investors, developers and third parties, such […]
As read in Aust Broker Online – A payday lender has been slapped with the largest civil penalty ever obtained by ASIC, demonstrating the regulator’s ‘no tolerance’ policy for irresponsible lending. Payday lender, The Cash Store and loan funder, Assistive Finance Aust were charged with $18.975 million in penalties by the Federal Court for their […]
