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Unemployment biggest driver of mortgage stress: CBA

Unemployment has been cited as one of the main reasons behind mortgage stress, according to CBA’s chief executive.

Westpac eyes high DTI borrowers

Westpac’s chief executive has said borrowers “need to engage” with the bank when a broker is not involved.

Economist tips rate cut by mid-2024

A major bank’s economist remains “fairly optimistic” on the global outlook amid cost-of-living pressures faced by mortgage ...

NAB ‘pleasantly surprised’ at low defaults rate

While arrears rates are starting to tick up, the chief executive of the major bank has said he is ‘pleasantly surprised’ that ...

RBNZ holds cash rate in July

New Zealand’s central bank has agreed to hold its cash rate at a 14-year high.

RBA to embark on ‘significant’ cultural change

The central bank has addressed the RBA review’s recommendations.

Reducing buffer won't materially help customers: ANZ

The major bank has maintained that APRA's serviceability buffer of 3 per cent is appropriate.

In Memoriam: Craig ‘Bakes’ Bacon, 1967–2023

Craig ‘Bakes’ Bacon, an instrumental player in building the electronic gateway to allow brokers to lodge loans ...

Interest rates weaken household spending, latest data reveals

Australian households begin to feel the impact of consecutive interest rate hikes.

REA Group acquires CampaignAgent

Two years on from purchasing 27 per cent of the business, the property group has announced its ownership of an upgraded stake ...

In Memoriam: Mick McClure, 1953–2023

Mick McClure, the founder of sub-aggregation group Buyers Choice and a pioneer of sub-aggregation in Australia, has passed ...

RBA assistant governor appointed to Westpac

The major bank has announced Luci Ellis has been appointed as chief economist.

Royal commission finds Robodebt scheme ‘cruel and crude’

The Labor government has welcomed the 57 recommendations made in the Robodebt royal commission.

3/4 of Australian auctions report success in winter

Despite capital city auctions reducing for the third week in a row, last week saw the nation’s preliminary clearance rate ...

Only 1 remaining major to tweak buffers

After NAB announced it will bring in buffer exceptions, ANZ remains the outlier of the big four banks.

SA takes the charge in home building: HIA

The state has shown strong levels across a number of building activity indicators, the HIA has confirmed.

Victorian Greens calls out Premier Andrews over housing crisis

The Victorian Greens have taken aim at Premier Dan Andrews after he targeted the minor party following criticisms on Labor’s ...

Resimac’s Rodney Cottam runs 500km in 5 days

Resimac’s regional sales manager has crossed the finish line in Sydney after running a huge 500km in five days for Invictus ...

Brokers play crucial role in ACT’s Affordable Home Scheme

The 2023–24 ACT budget has unveiled a series of housing initiatives, which highlight the need for broker support.

Property professionals plead for housing supply action

The property industry is once again calling on both federal and state governments to tackle the growing housing supply and ...

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