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Love-struck home buyers rushing to commit

Over a quarter of Australians have discovered issues with their property after rushing the purchase of a home they’ve fallen in love with, new research has found.

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CBA denies new AUSTRAC allegations

The Commonwealth Bank has rejected 89 of the 100 additional charges filed by AUSTRAC relating to the bank’s alleged breaches of the AML/CTF Act.

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ANZ appoints chief risk officer

ANZ has appointed Kevin Corbally as its new chief risk officer, replacing the retiring Nigel Williams.

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NSW housing market down but not out: ANZ

New ANZ research has maintained a relatively positive outlook of the NSW property market.

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ANZ records strong mortgage growth

The major bank this week reported that its home lending portfolio grew 1.2 times system in the December quarter.

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New law to crack down on ‘predatory’ credit lending

The federal government has passed legislation designed to clamp down on unethical credit card practices and strengthen competition in banking.

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Home values hold firm in most capital cities

Home values held steady this week in all but one capital city, according to the latest CoreLogic data.

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Widening gap between rates fuelling bank profits, says P2P lender

The gap between deposit and lending rates in Australia is “excessive”, the CEO of a peer-to-peer lender has said.

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Real estate developer launches lending division for FHBs

A Brisbane-based property development group has launched a new lending division to help first home buyers access low-deposit mortgages.

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‘No injury’ can be done to royal commission witnesses

Any witnesses giving evidence or producing a document for the royal commission into misconduct will be protected from litigation and injury, the commissioner has said.

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