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Economy

FSI competition reforms to combat vertical integration

The Financial System Inquiry has recommended a number of significant changes in its final report in an attempt to boost competition.

mortgagebusiness
Talk of rate cut gains momentum

Sentiment towards rates has shifted in recent weeks with almost all banks now confident the Reserve Bank will cut the cash rate next year.

mortgagebusiness
Bluestone dedicated to credit repair

A large amount of Bluestone’s business has been dedicated to helping customers in need of credit repair since the firm's return to the third-party channel in 2013.

mortgagebusiness
Murray calls for changes to SMSF borrowing

The much anticipated final report from David Murray’s Financial System Inquiry (FSI) has urged the government to prohibit certain SMSF borrowing arrangements.

mortgagebusiness
Perth brokerage appoints new leader

Allied Finance has announced the appointment of Mark Caddy as its new managing director.

mortgagebusiness
Major bank expands China footprint

Australia’s second biggest mortgage lender has opened its first sub-branch in the Shanghai Free Trade Zone (FTZ).

mortgagebusiness
Gail Kelly nominated for top CEO award

Outgoing Westpac chief executive Gail Kelly has been nominated for Morningstar’s 2014 CEO of the Year award.

mortgagebusiness
FHBs prefer renting over a mortgage

More Australians have given up on buying property, with triple the number of first home buyers preferring to rent than commit to a mortgage.

mortgagebusiness
Housing affordability down despite quarterly rise

Property is becoming less affordable for Australians, according to a report by Adelaide Bank and the Real Estate Institute of Australia.

mortgagebusiness
FHB attitudes change

The longer that Generation Ys stay living at home, the less likely they will want to leave, according to research by RaboDirect.

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