Duncan Hughes| Australian Financial Review| 2 August 2018 https://www.afr.com/business/banking-and-finance/financial-services/anz-slashes-variable-home-rates-by-34-basis-points-in-new-move-to-boost-buyers-20180802-h13gfx ANZ, the nation’s third largest lender, has slashed variable rates on its “no frills” home loan by 34 basis points to 3.65 per cent in the…
Vesna Poljak| Australian Financial Review| 17 July 2018 https://www.afr.com/markets/rba-on-close-and-careful-watch-of-household-debt-20180717-h12rvq The Reserve Bank of Australia has declared it will remain vigilant around high levels of household indebtedness, leading economists to conclude that the central bank needs…
Charbel Kadib| The Adviser| 17 July 2018 https://www.theadviser.com.au/breaking-news/38009-bank-accreditation-changes-emphasise-broker-training Bankwest’s general manager of third party has said that the bank is putting “extra assets” into training of new-to-industry brokers as well as lifting its accreditation requirements.…
Clancy Yeates| Sydney Morning Herald| 11 July 2018 https://www.smh.com.au/business/banking-and-finance/home-loan-crackdown-heavy-lifting-has-been-done-by-banks-says-apra-20180711-p4zqsd.html Australia’s banks have largely completed a long-running campaign to bolster their mortgage lending standards, the financial regulator says, signalling it will not force banks to further slam…
Clancy Yeates| Sydney Morning Herald| 16 July 2018 https://www.smh.com.au/business/banking-and-finance/banks-ramp-up-sharing-of-positive-data-on-customers-despite-concerns-20180713-p4zray.html Banks are on track to address a key “blind spot” in their lending assessments by early next year, as several of the country’s biggest lenders finally…
Annie Kane| The Adviser| 11 July 2018 https://www.theadviser.com.au/breaking-news/37986-broking-profession-a-career-beacon Broking continues to be a “beacon” for those seeking a career change as well as for accountants and other financial services providers, the founder of an education…
Laura Crommelin, Chris Martin, Laurence Troy| The Conversation| 5 June 2018 https://theconversation.com/airbnb-regulation-needs-to-distinguish-between-sharing-and-plain-old-commercial-letting-97613 Airbnb and other short-term letting websites have been a hot topic of debate for some time. In New South Wales, it seems the…
Ashlynne McGhee| 7.30| 16 July 2018 http://www.abc.net.au/news/2018-07-16/finding-it-harder-to-get-a-loan-heres-why/9999912 It’s harder to get a loan in Australia right now than it has been in years. The big banks have been whacked by the financial services royal commission…
Mark Mulligan| Australian Financial Review| 21 June 2018 http://www.afr.com/markets/housing-downturn-shallow-and-shortlived-says-corelogic-and-moodys-20180621-h11nqd Australia’s housing slump could prove short-lived, according to a report from CoreLogic and Moody’s, with solid employment growth, loose monetary policy, decelerating supply and easing of…
Isabelle Lane| The New Daily| 15 June 2018 https://thenewdaily.com.au/money/property/2018/06/15/auction-clearance-rates-vendors-negotiate/ The number of homes selling at auction has fallen sharply this year, but vendors are still sealing the deal after their properties are passed in. Cooling real estate markets in…
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