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PEXA expands UK footprint with latest acquisition

PEXA is taking its digital-settlements skill set into the UK market.

ACCC approves D&D acquisition of Link

The Australian Competition and Consumer Commission will not oppose the proposed acquisition of Link Administration Holdings ...

Disasters cost households more than $1000, study reveals

Recent research has revealed that Australians have paid a bundle over the past 12 months due to extreme weather.

Fewer high-DTI loans being written

The proportion of loans with debt-to-income ratios of six times or more has fallen for the second quarter in a row, according ...

Dwelling investment fall a ‘weak outcome’: Treasurer

Wet weather and material and labour constraints curbed Australian dwelling investment, June quarter national account ...

Government introduces incentive for pensioners to downsize

An additional 12-month asset test exemption is set to be introduced to help incentivise more pensioners to downsize and free ...

CBA appoints former Westpac CEO to board of directors

Former Westpac institutional bank chief executive Lyn Cobley has joined the Commonwealth Bank of Australia’s board of ...

New CEO and COO announced at Prime Capital

Pepper Money’s Malcolm Withers has been named the new chief commercial officer of Prime Capital, succeeding Steve Sampson, ...

Borrowers reviewing mortgages in droves following rate hikes

Data from several broker groups have shown that borrowers are increasingly reviewing their home loans, as rates continue to ...

Offset account usage grows, CBA data reveals

The use of mortgage offset accounts has continued to rise according to recent Commonwealth Bank research.

RBA confirms 2.35 per cent cash rate

The official cash rate has risen to 2.35 per cent — the highest point since April 2015.

Big 4 expect 50-bp increase today

The official cash rate is expected to rise to 2.35 per cent following today's RBA board meeting, according to major bank ...

REIQ calls for repeal of ‘illogical’ Qld land tax regime

Calls are building for Queensland to repeal incoming land tax laws that would see property investors taxed based on their ...

Warning issued over off-the-plan purchases in Qld

The state’s Attorney-General is cautioning consumers to be wary of signing purchase contracts for off-the-plan properties

Auction levels nationally fall

It has been a slow start to the spring selling season, with the first week of September seeing auction volumes decline 9

Digital innovation will ‘radically disrupt’ the industry: ANZ chair

The chair of ANZ has warned the fast-paced digital innovation across the financial services will disrupt the industry.

Permanent migration cap to increase by 35,000

The banking industry has welcomed the announcement that the annual permanent migration cap will increase to 195,000.

Pepper prices $1.25bn securitisation

The non-bank lender has priced a $1.25 billion residential mortgage-backed security transaction, its sixth for 2022.

Prime Minister earmarks further $575m for social housing

Up to $575 million will be made available within the National Housing Infrastructure Facility to invest in social and ...

Westpac ends BaaS agreement with Afterpay

The major bank has confirmed it has agreed to end its Banking as a Service agreement with Afterpay.

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