Regulation

RBA reveals how mortgagors are faring
15 December 2023

While the RBA has deemed Australia’s mortgage health as ‘resilient’, it acknowledges a rise in the number of borrowers experiencing severe financial stress.

AUSTRAC sets sights on non-bank lenders
13 December 2023

The anti-money laundering and counter-terrorism capabilities of non-bank lenders and financiers will come under scrutiny by the financial intelligence agency next year, after the body has ...

Victoria government dumps commercial stamp duty
12 December 2023

The Victorian government has confirmed its intention to abolish stamp duty replacing it with an annual property tax aimed at bolstering new housing development prospects.

Foreign investor changes ‘won’t solve the housing crisis’
11 December 2023

Increasing costs to foreign investors will not be the solution to improving housing affordability, the housing industry has warned.

Banks to be able to offer new form of advice
7 December 2023

Financial institutions will be able to offer a new form of personal advice, following a move by the government to create a new breed of ‘qualified advisers’.

SA’s rental reforms impact investor tenancy terminations
7 December 2023

Recent reforms in South Australia’s residential tenancy laws will implement specific grounds for terminating or declining to renew a tenancy.

APRA holds 3% serviceability buffer
5 December 2023

The prudential regulator has decided to maintain the mortgage serviceability buffer at 3 per cent.

Help to Buy package to be introduced this week
29 November 2023

This week, legislation to create the federal government’s shared equity scheme for home ownership will be introduced to Parliament.

Investigations into alleged mortgage Ponzi scheme continue
23 November 2023

Investigations are continuing into the alleged misappropriation of investment funds from a mortgage and loan business, with findings not expected until next year.

Australian economy ‘in a better position than most’, says Treasurer 
22 November 2023

Despite facing challenges such as sticky inflation and lag effects of monetary policy, the Treasurer has declared Australia’s economic position as positive.