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Uno partners with real estate platform
29 November 2019
Uno partners with real estate platform

The online brokerage has partnered with real estate platform Soho, allowing users of the site to instantly check the competitiveness of their home loan rate.

Unconventional tools out of the question, for now: RBA
28 November 2019
Philip Lowe

Unconventional monetary policy is “extraordinarily unlikely”, RBA governor Philip Lowe has said, in response to growing speculation of a move towards negative interest rates or quantitative ...

Construction weakness moderates in third quarter
28 November 2019
Construction

The total value of construction activity fell over the past quarter, albeit below market expectations.

BOQ completes first phase of capital raising
27 November 2019
Bank of Queensland

The non-major bank has raised $250 million in capital, following the completion of a share placement designed to bolster its capital position.

AFCA appoints new general counsel
26 November 2019
AFCA

The financial disputes body has announced the appointment of Anna Campbell to a newly created leadership position.

ME amends mortgage serviceability policy
26 November 2019
ME Bank

The non-major bank has announced several changes to its residential home lending policy, which include changes to the way it assesses borrower serviceability.

South-east the exception to housing affordability bump
25 November 2019
Housing affordability

Housing in most areas across Australia has become more affordable relative to income over the past 10 years, with the exception of Sydney, Melbourne and Hobart.

Bluestone receives upgraded S&P rating
25 November 2019
Bluestone

S&P has upgraded the non-bank’s servicer rating off the back of an operational overhaul.

Changes made to Banking Code of Practice
22 November 2019
mortgagebusiness

The ACCC has authorised official changes to the ABA’s Banking Code of Practice to better align with recommendations made by commissioner Kenneth Hayne.

RBA still open to more cuts despite growing scrutiny
21 November 2019
RBA

The central bank remains prepared to cut rates further, despite growing concerns that monetary policy has “lost its potency”.