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Economy

Reserve Bank has added 1pc to house values: report

Interest rate cuts in February and May have added about $8,000 to house prices in Sydney and Melbourne, according to new research.

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ING Direct introduces easy banking for Apple customers

ING Direct has introduced “one swipe” banking to give customers using Apple devices the ability to easily check and manage their finances.

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Concerned consumers paying off debt faster

New data by Mortgage Choice reveals the majority of Australians are worried about their financial situation.

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Banks genuinely support third-party channel: report

Lenders believe third-party mortgages will gain a 60 per cent market share due to their new focus on sticking close to brokers.

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ASIC bans former Macquarie Bank trader

A former authorised representative of Macquarie’s Equities Limited business has been banned for five years for conducting unauthorised trades on behalf of clients.

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Economist pours water on housing tax idea

A new investment tax measure designed to cool the red-hot Auckland market isn’t the answer to slowing the Sydney boom, according to an economist.

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Digital disruption: the question is not when, but how

One of Australia’s leading banking executives has warned that digital technology is set to revolutionise the industry in highly unpredictable ways.

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US plans first rate rise since 2008

The Federal Reserve is poised to increase its official cash rate for the first time in almost seven years.

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Headline

The Western Australian government has warned brokers of online scamming after consumers were defrauded by a scheme involving a Perth brokerage.

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