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Cash rate to more than double in June: Westpac

The bank’s chief economist has responded to the RBA’s latest board meeting, maintaining that rates will lift by 40 bps next month.

Cash rate to more than double in June: Westpac
Victorian shared equity scheme reports lift in home buying

A figure of 1,100 homes have been purchased under the Victorian Homebuyer Fund, according to new Andrews government figures.

Tim Pallas
WA commits to stamp duty rebate expansion

The state’s latest budget will build on previous rebates for off-the-plan apartments as part of a drive to improve housing supply and affordability.

WA commits to stamp duty rebate expansion
APRA chair pings contingency plans needed

Following two years of considerable economic volatility, APRA chair Wayne Byres points towards an era of contingency and recovery planning.

APRA chair pings contingency plans needed
Settlement scam claims $732k from WA victim

A home buyer has copped a hefty loss, after her email communications with her settlement agent were hacked last month.

Settlement scam claims $732k from WA victim
Victoria confirms $40m housing injection

The state’s government has promised almost $40 million in reforms and projects in its latest budget to improve housing supply, prices and infrastructure.

Victoria confirms $40m housing injection
NAB enters enforceable undertaking over anti-money laundering controls

NAB has started calculating how much its enforceable undertaking will cost, after an AUSTRAC investigation found issues in the bank’s systems and controls.

NAB enters enforceable undertaking over anti-money laundering controls
Mortgage lending industry prefers Scott Morrison as PM

A Liberal-National Coalition led by Scott Morrison is the preferred outcome of the federal election, according to a new survey.

Mortgage lending industry prefers Scott Morrison as PM
Westpac to cough up $113m over ASIC lawsuits

The Federal Court has ordered Westpac to pay $40 million for charging dead customers financial advice fees, in the last of six lawsuits from the corporate cop. 

Westpac to cough up $113m over ASIC lawsuits
Mutual banks want consumer credit law review

A banking industry body has urged for a probe into Australia’s consumer credit legislation and for regulators to help keep competition alive in the sector.

Mutual banks want consumer credit law review
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