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Economy

SME loan marketplace partners with new financier

Small-business loan marketplace ebroker has announced that it has secured a new partnership with a non-bank lender in response to rising demand for asset finance. 

Partnership
Sydney price correction ‘close to an end’

The NSW capital’s auction clearance rate hit its highest point in over two years last month, suggesting a market rebound, a new Domain report showed.

Sydney
Banks pay $119.7m in compensation

Australia’s five biggest banks have paid a combined $119.7 million in compensation to date to customers affected by non-compliant financial advice.

Australian money
LATEST PODCAST: Is the housing market stabilising?

Join Annie Kane and Charbel Kadib as they delve into the latest themes and developments in the home loan market.

LATEST PODCAST: Is the housing market stabilising?
Financial sector to face new probe

The federal government has launched a new inquiry into the financial services industry's response to the banking royal commission.

Josh Frydenberg
Parliament greenlights CDR bill

Legislation to introduce the Consumer Data Right has passed both houses of Parliament, in a move which, according to stakeholders, could “dramatically increase competition” in the financial ...

Parliament house
Non-bank lists ‘no-go zones’ for construction loans

Chifley Securities has revealed its list of “high-risk” suburbs and “no-go zones” for financing residential developments. 

Apartment construction
Inflation spike takes ‘pressure off’ RBA

The inflation rate has risen above expectations in the June quarter, which, according to analysts, will make life easier for the Reserve Bank’s monetary policy board.

RBA
Warning issued over housing market ‘bull trap’

The recent spike in housing market sentiment could be luring speculators into a “bull trap” with the dwelling values to continue falling, according to analysts.

Cloudy suburb
Mutual bank updates fees and charges

Teachers Mutual Bank has announced a range of updates to its existing mortgage product fees and charges, as well as the introduction of new valuation fee, following a review of its offerings

mortgagebusiness
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