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Economy

Major bank restructures executive team

ANZ Bank has announced changes to the management structure of its Australia business, designed to help the bank “better navigate the challenges facing the sector”.

ANZ
New home building activity could fall 15% this year

Residential building activity is expected to dwindle in the coming years as the housing market absorbs the record-high number of works completed in 2018.

House construction
‘Dip in market’ shouldn’t lead to ‘dip in policy’

The Property Council of Australia has expressed concern that the policy focus in NSW has shifted away from housing ahead of the state election, which could lead to a raft of problems down ...

Sydney
IPA leads fight for small business productivity and wellbeing

Promoted by The Institute of Public Accountants (IPA).Unless our productivity levels sharply improve, the standard of living we enjoy in Australia is clearly under threat.

IPA leads fight for small business productivity and wellbeing
Bank announces rate hikes of up to 40bps

A non-major lender has lifted mortgage rates by up to 40 basis points in response to continued funding costs pressures.

MyState bank
Housing reforms to fall short of objective, finds survey

Labor’s proposed changes to negative gearing and capital gains tax would discourage investor demand for new housing, according to new research.

Suburbs
Banks announces rate hikes of up to 40bps

A non-major lender has lifted mortgage rates by up to 40 basis points in response to continued funding costs pressures.

MyState bank
Government urged to enhance FHB scheme

The Commonwealth government should expand its first home buyer scheme to further encourage property investment as a form of  wealth creation, according to the REIA. 

Adrian Kelly
Labor calls for new bank levy to fund ‘Fairness’ scheme

The Australian Labor Party will look to introduce a new levy on ASX100-listed banks to fund more financial counsellors for those with banking disputes, among a range of other initiatives, ...

Tax calculator
MyState profit dragged down by funding costs

The non-major bank has reported a 9 per cent fall in its underlying net profit, despite above system home lending growth.

Melos Sulicich
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