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CBA announces reduced buffer alternative

A big four bank has announced it will drop its serviceability buffer to 1 per cent for qualifying refinancers from Friday.

ASIC to observe AI use in lending

The regulator confirmed it will continue to look into how AI is being applied in regard to lending.

$50k grants made available for Qld community housing sector

The Queensland government has opened applications for grants of up to $50,000 to help deliver more social and affordable ...

Rate Money hits $5bn in settlements

The home loan provider has reached $5 billion in home loan settlements in under four years of business.

Major banks agree cash rate peak is 4.6%

NAB has updated its terminal rate forecasts, with all four major banks now expecting the tightening cycle to peak at 4

Extended downturn could hit most mortgaged regions: CoreLogic

Higher interest rates may result in households in highly mortgaged regions feeling more pressure than others, CoreLogic ...

Housing Australia Future Fund deferred by Senate

The Albanese government’s Housing Australia Future Fund was rejected by the Senate, deferring the bill until October.

June rate call was ‘finely balanced’ between pause and hike: RBA

It was a close call between holding the cash rate and increasing it by 25 bps, newly released minutes from the central bank ...

Labor announces $2bn social housing investment

The Albanese government has announced a new $2 billion investment aimed at delivering thousands of new social homes across ...

More Qld homes added under Resilient Homes Fund

The Palaszczuk government has announced 300 more homes have been identified for voluntary buybacks for home owners in ...

Capital city auction activity surges to 3-month high

Last week saw 1,951 homes go under the hammer across the capital cities, the largest number in 11 weeks, according to ...

New home sales up for second consecutive month: HIA

Sales of new homes increased for the second month in a row in May, according to the HIA New Home Sales report.

Brokers most value banks that continually improve

A new report has found that banks that do not improve their broker channel experience every year are falling behind their ...

Foreign buyers to get a leg-up with new ATO process

From the end of June, the Tax Office is digitising its interactions with foreign investors and their representatives.

ANZ-Suncorp sign agreement with Qld government

The two groups have signed agreements with the Palaszczuk government in order to support Queensland jobs and financial ...

SA abolishes stamp duty for FHBs buying new homes

The South Australian 2023–24 state budget has scrapped stamp duty for first home buyers who purchase a new home.

Total resi dwelling values rose in March quarter

The total value of Australia’s residential dwellings rose during the March 2023 quarter, according to ABS data.

Director banned from providing financial services: ASIC

The regulator has banned the director of Foxi Capital AU Pty Ltd, Shaun Fox, from providing financial services for eight ...

NZ enters recession

Statistics NZ data has confirmed that New Zealand has fallen into a recession.

RBA ‘likely’ to hike in July and August as employment rises

As new data shows the unemployment rate continues to fall, major bank economists are warning that a July and August rate hike ...

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