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Economy

‘Lack of professionalism throughout the sector’

ASIC’s new chairman has addressed what he believes are systemic issues throughout the finance industry.

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‘Excessive’ banker salaries under scrutiny

Progressive think tank The Australia Institute has argued that the disparity between bank CEO pay and average weekly earnings is contributing to the uncompetitive nature of Australia’s ...

mortgagebusiness
Direct channel mortgage customers more satisfied: Survey

New research from Roy Morgan shows that home loan customers are more satisfied when they go direct to a bank rather than using a mortgage broker.

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Aussies struggling to grasp mortgage jargon

New research has identified gaps in Australians’ knowledge of mortgage terminology.

mortgagebusiness
Firstmac introduces lower interest rate for green cars

Non-bank lender Firstmac has introduced a lower interest rate for buyers of environmentally friendly vehicles in a bid to “accelerate” the growth of the Australian electric vehicle market

mortgagebusiness
iSelect appoints industry veteran Nadine Lennie as new CFO

iSelect has announced the appointment of Nadine Lennie as its new chief financial officer, after an “extensive search process” that began in November last year.

mortgagebusiness
ACCC releases mortgage pricing report

“Opaque” pricing of discounts on home loan offerings has inhibited borrowers from making informed choices, according to a report from the Australian Competition and Consumer Commission

mortgagebusiness
Mutual banks’ assets continue to rise

New figures from the prudential regulator have shown that assets held by mutual banks have continued to rise, totalling nearly $111 billion for the quarter ending December 2017.

mortgagebusiness
Analysis: Inside the lucrative mortgage referral program

The royal commission has heard how a major bank pays its introducers up to 60 basis points commission for referring mortgage customers.

mortgagebusiness
Real estate listings decline across the nation

Home values this week saw varying levels of fluctuations, according to the latest CoreLogic data.

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