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Home loan buffers eyed as bank customers squeeze spending

Latest figures suggest current economic reality is becoming “more apparent” to Western Australians, Bankwest has said.

Brokers fuming over ‘unfair’ clawbacks

As cashback incentives see clients switching banks, brokers are fed up with fronting the clawback costs.

Open banking first movers reveal CDR benefits

Cost, compliance, and speed efficiencies are just some of the benefits being realised from open banking, the first adopters ...

LRBA loans no ‘material’ super risk, but vigilance remains

Following 2014 recommendations that LRBAs should be prohibited, the latest CFR report has massively downgraded their risk — ...

Making news this week (ending 18 November)

Making news in mortgages... Heritage, People’s Choice set to merge, RBA policy path forecasts ‘not for publication’, ...

‘Provisional yes’ as Heritage, People’s Choice set to merge

After months of negotiation, shareholders finally voted on the mutuals’ merger.

Australia’s house price falls to accelerate, IMF warns

The world bank has warned the Reserve Bank of Australia must continue to “raise interest rates” to rebalance domestic demand ...

ANZ restructure remains in the ‘best interest’ of shareholders

The bank’s latest results have not changed the view of an independent expert.

RBA policy path forecasts ‘not for publication’

While the central bank will continue to publish forecasts regularly, it probably won’t be about its policy strategy, it has ...

Construction demand dip sparks creative solutions

As labour shortages and rising costs continue to put constraints on the construction industry, the property sector remains ...

‘Even keel’ economy risk at 3.35% cash rate: CBA

CBA has proffered a timely cash-rate increase analysis while reporting its 1Q23 resi lending up $5.1 billion.

NZ DTI framework puts Aussie banks in focus

New Zealand’s central bank has recently sought debt-to-income ratio loan feedback on the macroprudential policy tool.

BNPL stings borrowers’ credit scores, broker warns

A Queensland broker has warned clients buy now, pay later could be jeopardising their chances of securing a home loan.

Major banks settle CCI class action for $126m

Three major banks have agreed to settle a class action relating to the sale of three consumer credit insurance products.

Bank execs ‘overconfident’ on risk compliance capability

Debate rages between ADI bank executives and legal staff over appropriate risk compliance levels, APRA has revealed.

Australia armed to fight recession

While financial commentary paints a bleak picture of the global economy, Australia is 'ready for combat', economist Shane ...

HomeBuilder grants’ ‘effectiveness’ reviewed

The government’s HomeBuilder grants, handed out during the pandemic, “overheated” the residential construction industry, a ...

Older, low-income households prefer alternative housing models: AHURI

New research has found that older, low-income Australians have expressed a need for alternative housing models to typical ...

Royal commission seeks out blame for Robodebt ‘shame’

Bill Shorten MP has highlighted the controversial Robodebt scheme’s “true extent” of shame.

Borrowing ‘extra’ not housing-related, researcher says

Some Australians borrow more to “keep up with the Joneses” but not for houses, latest data has revealed.

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