Economy

SA scraps controversial bank tax plans
16 November 2017
mortgagebusiness

The Premier of South Australia has revealed that the state government has “set aside” its major bank levy, just minutes before the measure was due to be voted on for a second time.

Bank highlights LGBTQI financial discrimination
16 November 2017
mortgagebusiness

The marriage law postal survey has thrown a light on the need to provide better financial support to the LGBTQI community, a subsidiary of a major bank has said.

Pepper shareholders approve takeover deal
15 November 2017
mortgagebusiness

The shareholders of Pepper Group Limited have overwhelmingly approved the scheme implementation deed for Red Hot Australia Bidco Pty Ltd to acquire all of Pepper’s shares.

Sydney prices ‘must plateau, or even subside’: Bernard Salt
15 November 2017
mortgagebusiness

Author, columnist and KPMG partner Bernard Salt has said that the growth rate in Sydney property prices since 2011 has been “quite extraordinary”, but believes that they “must plateau, or ...

Mortgage players land awards for service
14 November 2017
mortgagebusiness

Three players in the mortgage industry — including a bank, a peer-to-peer lender and a non-bank home loan lender — have received awards based on their consumer ratings.

Aussie home buyers are racing against the clock
14 November 2017
mortgagebusiness

Three-quarters of Australian home buyers believe that they have less time to make a property purchasing decision now than they did five years ago, a TicToc survey has found.

LLC recruits another Pepper exec
13 November 2017
mortgagebusiness

A mortgage veteran has joined his former Pepper colleagues Patrick Tuttle and David Holmes at SME lender Little Lease Company.

‘Fully fledged recession’ needed to shake up government
13 November 2017
mortgagebusiness

The chief investment officer of a Sydney-based wealth management firm believes that a blinkered view of macroeconomic data will “come and bite us” in the coming years.

Millions to be refunded following Citibank error
13 November 2017
mortgagebusiness

A total of $4.3 million is to be refunded to thousands of Citibank credit card customers due to an error on accounts.

Mortgage player joins Financial Services and Credit Panel
10 November 2017
mortgagebusiness

ASIC has announced the members of the Financial Services and Credit Panel, which includes a mortgage industry veteran.