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Economy

ABA updates Code of Banking Practice
22 May 2018
ABA, Code of Banking, policy, ASIC, for approval

The Australian Banking Association has revealed that it has made further changes to its new draft Code of Banking Practice, which has been sent to ASIC for approval.

ASX goes live with new BBSW calculation
22 May 2018
ASX

The ASX has begun calculating the Bank Bill Swap Rate (BBSW) using a new methodology that puts a greater emphasis on trade activity.

RC hears of ‘coercion’ and ‘abuse’ of loan guarantors
22 May 2018
mortgagebusiness

A key witness in the Hayne royal commission has revealed that loan guarantors have been victims of abuse, elder abuse, familial abuse and coercion.

Sydney house prices to drop by 5.4% by 2020
22 May 2018
mortgagebusiness

Sydney will experience the sharpest decline house prices among Australia’s capital cities in the next two years, according to an update from QBE.

Government eyes tighter tax policy for foreign investors
21 May 2018
mortgagebusiness

The federal government has opened a consultation on exposure draft legislation designed to ensure foreign investors pay their "fair share" of tax.

Prospa announces IPO
21 May 2018
mortgagebusiness

Prospa has announced the terms of its initial public offering, selling new shares at $3.64 to raise approximately $146 million and list on the ASX next month.

ANZ agrees to sell stake in Royal Bank
18 May 2018
mortgagebusiness

The big four bank has announced that it has reached an agreement to sell its 55 per cent stake in ANZ Royal Bank to a Japanese trust.

Analysis: How risky is our dependence on China?
18 May 2018
mortgagebusiness

About 73 per cent of Australia’s exports go to Asia. China is our biggest export partner. But with fresh doubts cast over US-China trade negotiations, what could a knock to China’s growth do ...

Sydney the only capital void of sub $500k houses
18 May 2018
mortgagebusiness

The closest suburb to Sydney’s CBD with a median house price lower than $500,000 is 39.5 kilometres away, new research has revealed.

Government housing decision slammed
17 May 2018
mortgagebusiness

The NSW government has been slammed for its decision to suspend all planning proposals in two Sydney council districts.