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Economy

Government agrees to hold royal commission into banks

Prime Minister Malcolm Turnbull has announced that the government will launch a royal commission into the banks, after the four major banks called for a “properly constituted inquiry” into ...

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Housing imbalances still exposing banks to risk: S&P

Standard and Poor’s has released a new Australian banking sector update which reveals that both house prices and private sector borrowing imbalances are still exposing the banks to risk

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OECD tips rate hike and housing correction

The OECD has forecast the official cash rate to “tighten” over the coming year, triggering a correction in real estate prices.

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Bank names new chairman

Rabobank Australia has appointed Sir Henry van der Heyden as its new chairman, replacing Bill Gurry who will be retiring from the board.

mortgagebusiness
Analysis: Firstmac, Finsure and the penny stock from Kalgoorlie

Details of the proposed merger between an ADI and a major aggregator suggest that an innovative home loan offering is on the cards.

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AMP back in the investor, SMSF refi game with new offers

After pulling out of the market to meet its regulatory obligations, AMP Bank has announced that it is back and willing to lend.

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People with disabilities vulnerable to financial abuse

An ANZ-commissioned study has revealed that people living with disability are vulnerable to financial and digital abuse.

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Recession could come by 2020, predicts Switzer

Broadcaster and journalist Peter Switzer has predicted that Australia will go into recession in 2019/20 due to the “historically low” interest rates.

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Australian housing ‘frenzy’ is over: Bloomberg

A Bloomberg report has pointed to data from the Australian Bureau of Statistics and CoreLogic suggesting that Australia’s “housing frenzy” is over.

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Home sizes smallest in 20 years

New data analysis by CommSec has identified how the size of new homes has changed significantly over time.

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