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Economy

Budget to hit $4.1bn surplus by 2019-20

The budget deficit of the Commonwealth government is expected to narrow by 64 per cent before returning to surplus for the first time in over 10 years.

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ANZ outlines ‘responsible banking’ initiatives

The major bank is committed to “rebuilding community trust” through the implementation of its responsible banking initiatives.

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Shorten reveals Labor’s housing policy

Bill Shorten's Labor opposition has launched what it has dubbed the “biggest national housing program since the Second World War”.

Shorten reveals Labor’s housing policy
ACCC’s investigative powers enhanced by funding boost

The federal government has committed to injecting the ACCC with an additional $35 million in funding, designed to enhance its oversight of anti-competitive behaviour.

mortgagebusiness
ASIC warns of banking scam

The financial services regulator has issued a warning regarding a scam that impersonates ASIC and calls on members of the public to submit a form of identification or proof of address.

mortgagebusiness
Major brokerage downgrades FY19 forecast

A major broking franchise has revised its revenue forecast for the 2019 financial year as a result of an expected 10 per cent fall in home loan settlements.  

Major brokerage downgrades FY19 forecast
CCR ‘to impact mortgages least’

The CEO of a marketplace lender has suggested that while comprehensive credit reporting will benefit the finance industry, it will likely impact mortgage processing the “least”.

Mark Jones SocietyOne
ANZ to provide banking services to NSW government

The major bank has confirmed it has been appointed as one of two providers of core-banking services for the NSW government.

mortgagebusiness
Major bank group executive to step down

The group executive of a big four bank’s Australian division has resigned from his role.  

Major bank group executive to step down
Homeownership dream a ‘thing of the past’

Australians increasingly favour “freedom” and “flexibility” over the traditional dream of homeownership, according to new research.

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