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Economy

CDR not designed to empower the powerful: ACCC

A representative from the ACCC has rejected the idea that the impending Consumer Data Right could make the big four banks even more powerful in the mortgage market.

mortgagebusiness
Neobank raises $2.6m in crowdfunding campaign

Xinja Bank has announced that it has raised $2.6 million from over 1,500 investors in its second equity crowdfunding campaign.

mortgagebusiness
RBA pulls cash rate lever

The central bank has cut the official cash rate for the first time in over two years.  

RBA
RBA hikes cash rate - 2019

The central bank has lifted the official cash rate for the first time in over eight years.   

RBA hikes cash rate - 2019
RBA announces March cash rate

The RBA has determined the official cash rate for March, following its monthly monetary policy board meeting.

RBA
Housing approvals bounce but remain ‘well below’ trend

Dwelling approvals have recovered slightly but remain 29 per cent lower year-on-year, according to the latest ABS statistics.

Suburbs
Mutual bank appoints chief customer officer

A customer-owned bank has announced the appointment of a new chief customer officer who will commence her role in mid-March as the current CCO takes over the reigns as CEO.

Appointment handshake
Two RBA rate cuts expected for 2019

Analysts are increasingly expecting the central bank to drop the official cash rate in the coming year, amid continued weaning in the credit and housing markets.

RBA
Home ownership still desired but not expected

While the vast majority of renters in Australia aspire to own their own home, few believe it’s feasible, according to a new survey.

Property house
Non-bank growth sparks call for greater oversight

The rise in demand for non-bank-issued mortgages has prompted a call for increased regulatory oversight of the sector to avoid repeating the mistakes that triggered the GFC.

Martin North
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