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Economy

RBA surprises industry with cash rate change

The cash rate for December has been announced by the Reserve Bank of Australia, surprising many industry commentators.

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Sydney dwelling values drop by 0.7 per cent

Dwelling values in the NSW capital have dropped by 0.7 per cent in November, bringing the overall drop in values to 1.3 per cent over the quarter.

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Banks ‘need to win back community trust’

The Australian banking industry needs to win back community trust and “better explain the value [it brings] to the community and the Australian economy and, in so doing, better preserve ...

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PIPA announces changes to leadership team

The Property Investment Professionals of Australia has announced changes to its leadership team, after property expert Ben Kingsley stepped down as chairman.

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Youi pays $164,000 for poor insurance sales practices

Insurance provider Youi has refunded 102 consumers approximately $14,000 and will pay $150,000 as a community benefit payment to the Financial Rights Legal Centre’s Insurance Law Service, ...

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Banking royal commission could force S&P revision

Standard & Poor’s has warned that a royal commission into the banks could force the ratings agency to revise its view of the Australian banking sector.

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Heritage Bank appoints new CFO

Heritage Bank has announced the appointment of Paul Williams to the chief financial officer role on a permanent basis.

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‘No evidence’ of housing oversupply: HIA

The Housing Industry Association has upgraded its forecasts for new home building activity as sales remain strong.

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RedZed prices $250m specialist mortgage bond

The non-bank lender has successfully priced its $250 million specialist RMBS transaction “RedZed Trust Series 2017-2”.

mortgagebusiness
Aussies pin financial hopes to future house price

Many Australians are reliant on the trajectory of house prices for their future financial stability, according to a new survey.

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