Annie Kane| 20 April 2018| The Adviser https://www.theadviser.com.au/breaking-news/37662-nab-backs-remuneration-structure-but-calls-for-improvements The major bank has written to brokers highlighting that it supports the current broker remuneration structure but recognises that “improvements” can be made. The bank’s general manager…
Christopher Joye| Australian Financial Review| 20 April 2018 http://www.afr.com/personal-finance/shares/strip-amp-apart-and-unwind-byzantine-banks-20180419-h0z0hl Arguably the apogee of the “vertical integration” of Australia’s financial system, which this column has aggressively railed against for years, came in early 2014 when the banks…
Raymond Gill| The New Daily| 13 April 2018 https://thenewdaily.com.au/money/property/2018/04/13/banking-royal-commission-fears-home-prices/ Property experts have scotched fears that the banking royal commission could lead to a crash in Australia’s house prices. The first round of the Royal Commission into…
David Scutt| The New Daily|10 April 2018 https://www.businessinsider.com.au/australia-population-growth-housing-affordability-supply-forecasts-hia-2018-4 Australia’s population is about to tick over 24.9 million, and is growing at an annual pace of 1.6%, according to data from the ABS. If that pace of growth…
A message from the MFAA CEO, Mike Felton 9 April 2018 https://www.mfaa.com.au/news/dont_blame_brokers_for_big_bank_misconduct There is a risk that the big banks are using brokers as a shield to divert attention away from allegations of their systemic…
David Scutt| Business Insider| 5 April 2018 https://www.businessinsider.com.au/anz-australia-house-price-forecasts-2018-4 ANZ Bank remains confident that Australia’s housing market is on track for a “soft landing”, predicting that rather than heralding the start of a prolonged slump, prices…
James Fernyhough| The New Daily| 4 April 2018 https://thenewdaily.com.au/money/property/2018/04/04/greens-peoples-bank-unpicked/ The Greens have unveiled a radical plan to give Australians access to much cheaper home loans than are currently on offer, in an unabashed attack on the…
James Fernyhough| The New Daily| 3 April 2018 https://thenewdaily.com.au/money/work/2018/04/03/house-prices-falling-wages-rising-rba/ The era of historically lacklustre wage growth in Australia appears to have bottomed out, meaning Aussie workers may soon be looking at a pay rise above inflation. And…
David Taylor| ABC| 21 March 2018 http://www.abc.net.au/news/2018-03-21/mortgage-brokers-heavy-lifting-may-not-say-you-money/9569112 Australia is witnessing the beginning of the end of the mortgage-broking industry, a prominent finance industry analyst claims. Key points: Analyst predicts relevance of mortgage brokers will wane…
Efem Castelnuovo & Bruce Preston| The Conversation| 19 March 2018 https://theconversation.com/why-the-rba-needs-to-talk-about-future-interest-rate-policy-93292 The Reserve Bank of Australia should follow the example of other central banks and be clearer about when and how rates will change, called…
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