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Government and banks respond to Optus data breach

Federal Treasurer Jim Chalmers and the Australian Banking Association have responded to the Optus data breach that saw ...

Expanded CDR to give customers more control 

The Treasurer has expanded the CDR draft legislation to give customers more control on how they manage their data.

Public holidays and the AFL reduce auction traffic

Only 1,323 properties were put up for auction throughout the combined capitals this week due to the Queen’s memorial public ...

Greater Bank and Newcastle Permanent merger gets go-ahead

Two mutual banks based in the Hunter Region of NSW are set to consolidate after the corporate deals were approved.

APRA green-lights neobank amid local failures

The prudential regulator has extended a Chinese-founded neobank’s RADI on the back of neo-lender closures.

‘Resilient’ unit prices take a hit

While units have been more “resilient” to price falls, compared to houses, the latest data reveals the downswing has kicked ...

Property seekers on the lookout for greener homes

The PropTrack Energy Efficient Housing Report has been released by REA Group that analyses the supply and demand for ...

Aussie class action probe hinges on BID

EXCLUSIVE The feasibility study into a potential class action against Aussie Home Loans is rooted in best interest duty. 

Builder revenue up 8.8% but fewer homes built

The Housing Industry Association has released a report revealing the largest home builders for 2021–22.

Stress testing proves banks’ resilience: RBA report

A research paper by the central bank has shone a light on the effectiveness of stress-testing banks during the COVID-19 ...

Pandemic throws Reserve Bank into ‘significant’ loss

The RBA’s deputy governor said pandemic spending has blown the central bank’s budget out by more than $35 billion.

A third of Aussie homes could be 3D-printed by 2030

An expert has predicted that as much as 30 per cent of houses in regional Australia will be constructed using 3D-printing ...

Cheap credit ‘hangover’ has arrived: Dalton

EXCLUSIVE As the RBA attempts to extinguish inflation with rising rates, an Australian mortgage market pioneer concedes that ...

October cash rate hike open for debate, amid RBA minutes

The central bank’s September minutes revealed that while the board “saw a case for a slower pace of increases” as becoming ...

Victorian leaders to gather over affordable housing crisis

The Andrews Labor government will be gathering leaders from across the government, community and business sectors to discuss ...

WA ranks as Australia’s 2nd-most affordable state: REIWA

The revelation follows on from the findings outlaid in the Real Estate Institute of Australia’s (REIA) Housing Affordability ...

Momentum Markets expands financial services footprint

Momentum Markets, publisher of Mortgage Business on Wednesday (21 September) confirmed it has acquired leading financial ...

Rate hikes could ‘lower’ repayments: RBA

The RBA says new home owners could benefit from lower mortgage repayments as rate hikes reduce property prices.

Updated Qld property law legislation open for public review

The draft legislation proposed to replace Queensland's “outdated” property laws have been made available to the public for ...

Auction numbers highest since late June

A total of 2,190 auctions took place across Australia's combined capital cities last week.

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