Ingrid Fuary-Wagner| Australian Financial Review| 8 February 2019 https://www.afr.com/real-estate/interest-rates-not-the-real-barrier-to-rebooting-of-property-market-20190207-h1ayrq A possible cut to interest rates this year will boost buyer confidence but there’s still a major roadblock preventing a sudden turnaround in the property market.…
James Eyers| Australian Financial Review| 15 February 2019 https://www.afr.com/business/banking-and-finance/aussies-james-symond-says-hayne-change-will-destroy-mortgage-competition-20190215-h1bang The elimination of mortgage broking trailing commissions will halve the average annual income of a broker to $40,000, triggering an exodus from the industry and choking…
Shane Wright & Clancy Yeates| Australian Financial Review| 11 February 2019 https://www.smh.com.au/politics/federal/morrison-backs-brokers-despite-warning-from-banking-royal-commission-20190211-p50wzv.html?fbclid=IwAR0tLu7eaQNlNrPuyQ-UnAWDDPD077cybyd1B7TrHHb-8SOYBDGvKbFVfME Scott Morrison has backed the mortgage broking industry in the face of demands from the banking royal commission for major changes to how…
James Eyers| Australian Financial Review| 6 February 2019 https://www.afr.com/business/banking-and-finance/right-to-be-cautious-philip-lowe-matt-comyn-back-a-role-for-mortgage-brokers Reserve Bank governor Philip Lowe has backed Treasurer Josh Frydenberg’s cautious approach towards the royal commission’s call for bank-paid mortgage broker commissions to be replaced with…
In a matter of weeks, the broking industry has gone from being on life support to having a major tick of approval from whichever party could form Government at the forthcoming federal election. After some…
The Economist| 29 November 2018 TWICE IN THE past 30 years, housing finance has taken down America’s economy. As interest rates rise and the housing market stutters (see article), regulators are again pondering the risks…
Michael Janda| ABC Online| 4 December 2018 The Reserve Bank has left official interest rates on hold at a record low 1.5 per cent for the 26th consecutive RBA board meeting. Key points: Interest rates…
Michelle Grattan| The Conversation| 16 November 2018 The government has announced an extra $51.5 million to boost resources for the prosecution of criminal misconduct by banks and other financial institutions and the processing of civil…
Paul Johnson| The Conversation| 27 November 2018 Asked at the banking royal commission how long it might take to embed the right culture in the National Australia Bank, its chairman Ken Henry replied: ten years.…
Michael Pascoe| The New Daily| 4 December 2018 there’s no praise or notice for saying what “everybody else” is saying. This leads to the outlier forecasts, the predictions above or below the consensus. These are the…
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