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Economy

Building approvals hit 30-year high

New building approvals have reached their highest level since 1984.

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Diversified broker groups face “long, hard road”: Brad Wood

Multi-service company Astute Financial is poised to recruit its 100th financial planner three years after launching its advice business.

mortgagebusiness
Fixed-rate demand hits four-month high

Demand for fixed-rate mortgages reached a four-month high in September despite variable rates remaining flavour of the month.

mortgagebusiness
Two million at risk of default

New research from Veda has found that 2.1 million Australians are at risk of credit default in the next year.

mortgagebusiness
Major accounting group expands into mortgages

A national accounting and wealth advisory group has expanded into finance after signing a joint venture with a mortgage brokerage.

mortgagebusiness
Vow appointment reflects industry convergence

Mortgage aggregator Vow Financial has appointed Michael Clifford as head of wealth management.

mortgagebusiness
RBS chairman steps down

The Royal Bank of Scotland Group plc (RBS) announced last week that its chairman, Sir Philip Hampton, will leave the company in 2015 after a suitable successor is appointed.

mortgagebusiness
Major bank to announce ramped trail commissions

One of the big four lenders is considering ramping its trail after announcing changes to its commission structure.

mortgagebusiness
Mortgage group hit with more compliance

ASIC has imposed additional conditions on the AFSL of C&F Nominees Mortgage Securities Limited (C&F).

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Mortgage market becoming ‘unbalanced’, says RBA

The Reserve Bank has highlighted the disproportionate surge in investor home loans as a potential risk to Australia’s financial stability.

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