Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

Financial firms required by law to co-operate with AFCA
9 April 2019
AFCA

AFSL and ACL holders will now be required to co-operate with the Australian Financial Complaints Authority in the resolution of disputes, following the introduction of new legislation.

Price falls, rate hikes spur slide in household wealth
8 April 2019
Suburbs

The continued decline in residential property values and out-of-cycle mortgage rate hikes from lenders have contributed to a drop in the value of household wealth, with the value of assets ...

RBA ‘confident’ the financial system ‘remains resilient’
8 April 2019
RBA ‘confident’ the financial system ‘remains resilient’

The central bank is confident in the resilience of the economy and financial system despite the recent housing market adjustment leading to declines in house prices in the major cities, a ...

AMP announces five new executive appointments
8 April 2019
AMP

The wealth giant has named five new appointees to its wealth management division leadership team.

Labor Party releases shadow budget
5 April 2019
Bill Shorten

The Australian Labor Party has released its plans for its own budget for 2019-20, outlining a range of new initatives and tax cuts it would seek to bring in should it be elected into power

Opposition to Labor’s housing policy mounts as election looms
5 April 2019
Graham Wolfe

Calls for the ALP to scrap its housing plans have intensified, with new polling revealing that most Australians do not support the changes.  

Economist predicts 0.5% cash rate within two years
4 April 2019
NAB

Australia’s central bank will be compelled to drop the already record-low official cash rate to 0.5 per cent within the next two years, an economist has claimed.

Spike in dwelling approvals splits opinion
4 April 2019
Home construction

Dwelling approvals bounced in February, according to the latest ABS statistics, splitting opinion among analysts regarding the longer-term trajectory of dwelling approvals.   

Mutual bank trials digital mortgage platform
4 April 2019
Gateway Bank Lexi Airey

A customer-owned bank has been trialling the delivery of an entirely digital mortgage process in partnership with a law firm.

Coalition urged to do more on housing
3 April 2019
Coalition urged to do more on housing

The government has committed $1.7 billion to support affordable housing in the states but is being urged to do more to improve homelessness and provide more housing options for those in ...