Powered by MOMENTUM MEDIA
Broker Daily logo

Breaking

AUSTRAC sets sights on non-bank lenders
13 December 2023

The anti-money laundering and counter-terrorism capabilities of non-bank lenders and financiers will come under scrutiny by the financial intelligence agency next year, after the body has ...

Major banks move to speed up business lending
13 December 2023

Two major lenders have announced moves to hasten the process of business lending.

Home buyer sentiment lifts in December: Westpac
13 December 2023

The major bank has recorded a shift in home buyer sentiment, however, levels still remain weak by historical standards.

Distressed listings remain low despite mortgage concerns
13 December 2023

Distressed property listings remained low in November, with some cities reaching record-low levels, despite rising mortgage costs, according to new data.

Wave Money appoints new head of lending
13 December 2023

The non-bank lender has announced a key leadership appointment as it looks to continue business growth.

1/3 mortgagors unprepared for current interest rates, report finds
12 December 2023

Over one-third of investors and home owners have indicated they are not prepared for interest rates to remain at current levels, a report has found.

Victoria government dumps commercial stamp duty
12 December 2023

The Victorian government has confirmed its intention to abolish stamp duty replacing it with an annual property tax aimed at bolstering new housing development prospects.

Foreign investor changes ‘won’t solve the housing crisis’
11 December 2023

Increasing costs to foreign investors will not be the solution to improving housing affordability, the housing industry has warned.

Affordability at ‘new lows’: REIA
11 December 2023

Surging housing and rental prices and rising interest rates have exacerbated housing affordability conditions, REIA has found.

Treasurer, RBA reveal conduct of monetary policy statement
11 December 2023

The statement has emphasised the government’s commitment to an independent Reserve Bank as well as outlining the objectives of monetary policy.

Ross McEwan appointed chair of ABA 
11 December 2023

The major bank chief executive has been appointed chair of the Australian Banking Association for the next two years.

NAB to connect borrowers to home loan bankers in 15 minutes
8 December 2023

Borrowers will be able to connect virtually with a home loan banker within 15 minutes, according to a new move by a big four bank.

Household savings drop to lowest level since 2007: ABS
8 December 2023

Increased interest rates, inflationary pressures, and tax offset removals have eaten away at household savings, the ABS has found.

Bankwest to open progress payments for modular properties
8 December 2023

The major bank’s subsidiary has announced the introduction of additional progress payments to support Western Australia’s housing supply.

Which capital values are slowing the fastest?
8 December 2023

Capital cities that have led the home price recovery have recorded slowing growth, PropTrack has found.