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RBA needs to reconsider 2–3% inflation target: Bouris

Yellow Brick Road executive chairman Mark Bouris believes the RBA’s 2–3 per cent inflation target is no longer realistic

Banks pass on RBA’s March rate hike

The Reserve Bank’s 25-bp rate increase for March has been passed on by the major banks.

Chalmers blocks Senate order into ASIC deputy

Treasurer Jim Chalmers has blocked a Senate order calling for the release of confidential findings of misconduct against ASIC ...

March cash rate hike could increase sales activity

An industry heavyweight has suggested the Reserve Bank of Australia’s (RBA) latest cash rate call, combined with low stock ...

More fintech lenders to fail, warns Moody’s

Credit ratings agency Moody’s says the fintech threat has faded amid reduced funding and tighter regulations, while incumbent ...

Chinese snap up $1.6bn of residential property in 6 months

China is on track to spend 33 per cent more on Australian residential property in this financial year, with $1

National home values record largest decline on record: CoreLogic

Australian dwelling values have recorded the steepest drop on record, falling by 7.9 per cent over the past year.

Lenders in court over ‘serious’ credit breaches

ASIC has taken two small-business lenders to court for unlicensed credit activity and charging an annual interest rate of ...

End of rate hikes in sight: RBA

Following its 10th consecutive interest rate hike, the Reserve Bank of Australia has hinted that the end could be near.

Westpac bolsters scam prevention measures

The major bank has announced a new layer of security to further protect its customers from potential scams.

Resimac increases upfront and trail commissions

The non-bank lender has announced it has increased commissions on its prime alt doc and specialist products.

Victorian stamp duty review ‘welcome’ but quick fix not necessary: REIV

The state’s peak real estate body has urged the Andrews government to consult with property leaders and finance experts to ...

Mark Bouris says Resi has been a ‘massive learning curve’

Yellow Brick Road (YBR) acquired the non-bank lender in 2014, but it has taken almost a decade to get the business where it ...

Female home ownership rises, but still behind men

While men have traditionally held more property than women in Australia, the gap is closing, according to CoreLogic’s 2023 ...

Government urged to act as women’s financial progress recedes

For the first time in a decade, women’s financial progress finished the year in negative figures, triggering calls for the ...

Official cash rate at 3.6%: RBA

The central bank has moved to further lift the cash rate, bringing it to its highest level in over a decade. 

Broking industry ramps up payroll tax action

Aggregators and broker associations have been urgently engaging with politicians to flag concerns with NSW Revenue’s stance ...

Big 4 forecast 25-bp rise in March

The major banks have weighed in with their predictions on the Reserve Bank’s cash rate decision on 7 March 2023.

Closing a branch ‘not done lightly’, NAB tells Senators

Regional bank services have come under even closer scrutiny, as ADIs justify continued branch closures to a senate committee

New loan commitments for housing drop 5.3%: ABS

The latest ABS lending indicators data has revealed a further decrease in the value of new loan commitments for January 2023

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