Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

LATEST PODCAST: Is the housing market stabilising?
5 August 2019
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.

Financial sector to face new probe
5 August 2019
Josh Frydenberg

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

Parliament greenlights CDR bill
5 August 2019
Parliament house

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 ...

Non-bank lists ‘no-go zones’ for construction loans
2 August 2019
Apartment construction

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

Inflation spike takes ‘pressure off’ RBA
1 August 2019
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.

Warning issued over housing market ‘bull trap’
31 July 2019
Cloudy suburb

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.

Mutual bank updates fees and charges
31 July 2019
mortgagebusiness

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

Building approvals continue sliding despite stimulus
31 July 2019
Building construction

Recent political and economic stimulus is “yet to flow through” to building approvals, with the ABS reporting a unit-led decline in its latest statistics.

AFCA appoints deputy chief ombudsman
31 July 2019
AFCA appoints deputy chief ombudsman

The Australian Financial Complaints Authority has appointed Dr June Smith as its deputy chief ombudsman, reporting to David Locke.

Non-bank slashes floor rate
30 July 2019
Non-bank slashes floor rate

A non-bank lender has eased its serviceability assessment policy, in tandem with its ADI peers.