Economy

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.  

Mortgagors continue to benefit from rate cuts
30 July 2019
Happy couple outside home

Investors and owner-occupiers are both benefiting from the current low-rate environment, with refinancers particularly flocking to the market, new data has shown.

Challenger bank raises $400 million
30 July 2019
Judo Bank

SME lender Judo Bank has raised $400 million in its second-round equity raise, double its initial target of $200 million.

Over $1bn reaped from crackdown on CGT evasion
29 July 2019
Michael Sukkar

The federal government has revealed that it has collected over $1 billion as a result of its efforts to prevent foreign property investors from evading capital gains tax.

Queensland and WA to lead next residential boom
29 July 2019
House in construction

The next pick-up in residential construction will be led by a spike in non-residential investment in the resource states of Queensland and Western Australia, according to a new analysis from ...

Wisr secures financial wellness distribution agreement
29 July 2019
mortgagebusiness

Marketplace lender Wisr has partnered with employee management company Smartgroup to extend the distribution of the lender’s financial wellness products to workforces across Australia.