Key points Donald Trump’s election as President of the United States risks ushering in a period of policy uncertainty which could cause further share market weakness in the short term. Australia and Asia generally are particularly exposed to this given the high trade exposure regionally. After a seemingly long and difficult campaign Donald Trump has […]
As read in The Adviser -PLAN Australia has revealed it will partner with Virgin Money to offer its members a new home loan product. PLAN Australia CEO Phil Quin-Conroy said the group is excited to be partnering with Virgin Money and to bring the opportunity of a new home loan product to its members and their customers. “We’re […]
As read in the Australian Broker Online – The Reserve Bank of Australia has chosen to leave the cash rate on hold in October after the most recent cut from 1.75% to 1.5% in August. The decision was expected according to a survey of 33 economists by finder.com who unanimously forecast that rates would be […]
As read in the Aust Broker Online -JP Morgan has warned that widespread price discounting in the mortgage sector could soon end as the major banks face the task of preserving mortgage profitability. The JP Morgan Australian Mortgage Industry Report – Volume 23, released yesterday, explored the sustainability of the major lenders’ current mortgage strategies and their […]
The JP Morgan Australian Mortgage Industry Report – Volume 23, released yesterday, noted that Westpac was rationalising its branch footprint and improving systems to support the group’s multi-brand strategy. “Over the last 12 months, Westpac have closed 173 branches (from 1,261 to 1,088) and have improved growth by increasing broker flow modestly from 47 per […]
As read in Australin Broker online – Interest rates have been at record lows, the property market has had a good run and, to maintain a balance in the market, the lenders are continuing to gradually tighten their lending policies. The latest changes have included amendments to servicing rates which may affect some borrowers and […]
As read in Australin Broker online – The head of one of Australia’s biggest banks believes the industry needs to recognise it currently has a trust issue with consumers. In a speech last week, Westpac chief executive officer Brian Hartzer Australia’s banking industry is currently failing to meet the standards the Australian public expects […]
As read in Mortgage Business Online Digital technology has increased interconnectedness and bridged the urban-rural divide – and one of the biggest sectors to benefit from this change is the financial industry. Now, with just a few clicks, we have the ability to transmit thousands of dollars to a foreign country or perform an online […]
What do we take away from the recent RBA rate cut, where the big four banks changed tactic and only passed on half of the rate discount and shifted focus towards bank deposit rates? As we are all aware, we are in unchartered waters with rates being at a record low level and speculation suggests […]
As read in Mortgage Business online – The RBA is likely to cut the official cash rate to 1.25 per cent on 1 November if domestic inflation figures are lower than expected, says AMP Capital. Commenting on yesterday’s decision by the RBA to keep the cash rate ‘on hold’, AMP Capital chief economist Shane Oliver […]
