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Major bank sanctioned by BCCC
26 June 2024

The banking committee has sanctioned a major bank for “serious and systematic” breaches of the Banking Code.

Human right to housing bill introduced to Parliament
26 June 2024

A new bill that would solidify housing as a human right in Australia has been introduced to Parliament.

Appeal filed in class action proceedings against CBA
25 June 2024

An appeal has been filed from the Federal Court judgment in the shareholder class action proceedings.

Customer-owned banks announce merger plans
25 June 2024

The two non-major banks have announced plans for a merger to position both organisations for future growth.

ACT government amends stamp duty concession policy
25 June 2024

To encourage more buyers into the market, the territory government has increased the maximum income threshold to be eligible for stamp duty concession.

Perth ‘comparatively’ more affordable than other cities: CBA
25 June 2024

Research from the major bank has found that Perth’s housing affordability remains “comparatively better” than other capitals.

Leave land tax proposal ‘dead in the ground’: REIQ
25 June 2024

The institute has urged both Queensland political parties to not resurrect the multi-jurisdictional land tax proposal.

Revealed! Which lender do brokers most highly rate?
24 June 2024

The Third-Party Lending Report 2024 has been released, revealing which lender is most highly rated by mortgage brokers.

Lending and broking top open banking use cases
24 June 2024

There are now 158 use cases for open banking in Australia, with lending, credit, and broking dominating the use cases.

Firstmac prices Australia’s first solar RMBS issuance
24 June 2024

The lender has priced the country’s first RMBS issuance to include residential mortgages that are written under the rooftop solar proxy.

Major evolution to Mortgage Business imminent
21 June 2024

Since its launch in 2007, Mortgage Business has been a leading resource for mortgage brokers and the wider third-party distribution channel. Nearly two decades on, much has changed and so ...

House price forecast: What’s driving some areas to reach record highs?
21 June 2024

A recent forecast of Aussie house prices has outlined some continued trends that could place pressure on buyers. With some parts of the country predicted to reach record highs, the future ...

Resimac pulls out of NZ mortgage lending
20 June 2024

Following a review of the New Zealand mortgage market, the non-bank lender has decided to cease receiving home loan applications from NZ clients.

How will stage 3 tax cuts increase borrowing capacity?
20 June 2024

With the stage 3 tax cuts soon to come into effect, Aussie Home Loans has revealed new research analysing its potential effect on borrowing capacity.

Tasmania introduces stamp duty concession for apartment buyers
20 June 2024

To encourage more buyers into newly built apartments and units, the Tasmanian government has introduced a new stamp duty concession.