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Alex Bank becomes a full bank

A new non-major bank has been formed after being granted a full banking licence from APRA.

RBA considered holding rates in December

The central bank’s monetary policy minutes have revealed that the board considered no change in the cash rate for the first ...

Australia’s financial system to ‘get with the times’

The federal government will deliver reforms to modernise Australia’s financial system in the new year.

Draft housing legislation released

The federal government is seeking community feedback on two housing bills, in a bid to deliver on its election promises.

REIV calls for removal of ‘archaic’ stamp duty in Victoria

The Real Estate Institute of Victoria (REIV) called for “renewed focus” on the state’s property sector in the wake of the ...

NSW expands Shared Equity Home Buyer Helper criteria

Paramedics and early childhood educators are now included in the NSW government’s Shared Equity Home Buyer Helper scheme, ...

ASIC takes Firstmac to court over alleged DDO breaches

In its first DDO civil penalty action against a distributor of financial products, ASIC is taking Firstmac to court for ...

17% rise in fraud-related calls during Black Friday: Westpac

The major bank has warned Australians to be on the lookout for scams leading up to the summer holidays after a rise in fraud ...

2022: A year ‘unlike any other’ in property

Surging inflation, eight consecutive interest rate hikes, and deteriorating affordability drove a shift in Australia’s 2022 ...

Australians unconvinced by digital currency

While the Reserve Bank has an ‘open mind’ on Australia’s move towards a digital currency, Australians may need encouragement

Top 5 scams to avoid this festive season: Assistant Treasurer

The Minister for Financial Services and Assistant Treasurer, Stephen Jones, has warned Australians of the potential risk of ...

Owner occupier loans plummet as housing affordability declines

The number of owner occupied loans fell by more than 20 per cent, as housing affordability worsens, the latest data has ...

FHBs offered monthly LMI option: Resi

As the time it takes to save for a deposit has blown out to more than 11 years, mortgage manager Resi is offering a ‘BNPL ...

ACCC to rule on ANZ-Suncorp merger in June 2023

ANZ’s proposed acquisition of Suncorp’s banking arm is now officially being considered by the competition watchdog, with a ...

NAB economist warns of ‘the paradox of thrift’ impact

A drop in spending as a result of low confidence could potentially undermine the effects of monetary policy, NAB’s chief ...

Confidence across ‘mortgage belt’ up 11%: Westpac

Confidence is recovering faster for mortgagors than for tenants and those who fully own their property, Westpac has revealed

Intervention improves small credit lenders’ TMDs: ASIC report

The Australian Securities & Investments Commission has published a snapshot report into small amount credit lenders’ ...

Broker finalists revealed for Mortgage Business Awards

More than 40 individuals have been chosen as finalists for the broker and loan administrator awards at the inaugural Mortgage ...

MA Money partners with fintech platform

The non-bank mortgage lender has partnered with Simpology to create a new online loan origination system for brokers.

Suncorp warns customers of ‘spoofing’ scam

The non-major bank has issued a warning of scams impersonating phone numbers of legitimate businesses in the lead-up to the ...

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