Economy

The number of breaches relating to SMSF borrowings has spiked over the past 12 months.

Firstfolio has announced the appointment of Paul Liccione as general manager of sales and distribution and Kon Shizas as general manager of products and services.

One of the country’s largest lenders has revealed that it has already commenced planning for government changes to SMSF lending.

Sydney’s growth in dwelling values has continued to outpace the other capital cities, according to a report by CoreLogic RP Data.

Tasmanian lender MyState has appointed Sandi Sims as head of broker services.

AIA Australia has announced the appointment of Renae Smith as its new chief marketing officer.

Hobart-based lender MyState has announced the appointment of David Harradine as chief financial officer.

The Australian Bureau of Statistics has announced it will change its method of estimating data for first home buyers and the extent of revisions.

Assistant treasurer Josh Frydenberg has poached a Westpac executive to be his new chief of staff.

Plummeting commodity prices and weak economic growth are expected to put further downward pressure on borrowing rates, according to a leading economist.