Powered by MOMENTUM MEDIA
Broker Daily logo

Breaking

Housing stock valued at $10tn once more
8 September 2023

Despite fears of a softening market this year, the value of residential housing in Australia has surpassed $10 trillion, following six months of house price growth.

Lowe departs; reflects on his challenges as governor
7 September 2023

Philip Lowe has given his last speech as the central bank’s governor, closing out his seven-year tenure.

‘With great power comes great responsibility’; FBAA welcomes FAR
7 September 2023

The association head has welcomed Parliament passing legislation for the Financial Accountability Regime.

NextGen applauds move to ban screen scraping
7 September 2023

Government’s move to ban screen scraping has been welcomed by the lender technology solution provider, as it flags the technology’s security and privacy weaknesses.

AMP halves turnaround times for loan increases
7 September 2023

The non-major bank has announced it has slashed turnaround times and has launched a digital application process for customers looking to increase their loan size.

Heritage and People’s Choice secures $1bn RMBS deal
7 September 2023

The $1 billion residential mortgage-backed security program is the inaugural transaction for the recently merged mutual bank.

Shipton’s emotional plea for accountability: An open letter to Chalmers
6 September 2023

Former ASIC chair James Shipton has written an open letter to the Treasurer and Assistant Treasurer demanding they take action on addressing harmful behaviours in the workplace.

Digital valuations rise 33% in 4 years
6 September 2023

The prevalence of digital valuations – including both desktop and automated models – has increased to record levels since the pandemic, according to new data.

Lowe's last gift to borrowers; Cash rate holds steady
5 September 2023

The Reserve Bank decided to further pause the cash rate in Philip Lowe's last monetary policy meeting.

Westpac allegedly seized property from those requesting hardship 
5 September 2023

ASIC alleged the major bank failed to process 229 hardship applications within 21 days between 2015 and 2022.

Almost 50% of Australians hold no confidence in RBA
5 September 2023

Despite rates holding steady of late, 46 per cent of Australians are not confident in the RBA and government’s ability to ease inflation this year, according to Canstar.

Over half of home owners renovating instead of selling: Aussie
5 September 2023

Home owners are opting to renovate their homes instead of selling due to affordability constraints, Aussie Home Loans research has indicated.

Housing affordability at 30-year low: PropTrack
5 September 2023

Housing affordability has declined to its worst level in three decades, PropTrack research has revealed.

Auction activity increases as spring has sprung
5 September 2023

The first week of spring saw slightly higher auction results than the week prior but was still a softer-than-expected start to September.

Big 4 agree on September cash rate hold
4 September 2023

Australia’s major banks have all called a cash rate pause during tomorrow’s monetary policy meeting.