Powered by MOMENTUM MEDIA
Broker Daily logo

Economy

Government announces $51.5m war chest to combat misconduct
16 November 2018
Government announces $51.5m war chest to combat misconduct

The federal government has announced that it will be providing an additional $51.5 million to the public prosecutor to battle criminal misconduct in the financial services sector.*

Over 75% of properties selling below list price
16 November 2018
mortgagebusiness

Less than a fifth of properties have been sold for more than their original list price over the past quarter, according to new data from CoreLogic.

Outsource your way to business success
15 November 2018
Outsource your way to business success

When South Australia-based mortgage broker Sharene Dearlove was looking for an outsourcing business to cover her during a trip to the hospital and was unable to find one, she simply went ...

FHBs increasingly hopeful about home ownership
14 November 2018
FHBs increasingly hopeful about home ownership

First home buyers are increasingly optimistic about their prospects of home ownership as property prices nationwide continue on their downward slide, according to new research.

Consumer spending could help offset debt risks
14 November 2018
mortgagebusiness

While high household debt remains a risk to economic stability, consumer spending is also a “source of stability”, according to a major bank economist.

Union calls for new financial services code to simplify law
14 November 2018
mortgagebusiness

The Financial Sector Union has called for a financial sector-wide code that “consolidates” conduct regulation and self-regulation.

Banks ‘withheld’ information from clients to avoid claims
13 November 2018
Magnifying glass

Customers have accused banks of withholding information from clients to prevent legal claims of misconduct.

Next decade to be an era of digital disruptors
12 November 2018
mortgagebusiness

Companies that embrace digital disruption will dominate investment portfolios in the coming decade, according to fund manager Capital Group.

Weakening sentiment seeping into owner-occupied space
12 November 2018
mortgagebusiness

The decline in sentiment among investors has trickled into the owner-occupier space, where housing approvals have fallen to the lowest levels in eight years, according to an ANZ analysis of ...

Major bank fined for ‘unconscionable conduct’
9 November 2018
Major bank fined for ‘unconscionable conduct’

A big four bank has been fined $3.3 million, escaping a $58 million penalty proposed by the corporate regulator.