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Regulation

Money laundering could fuel house price rise, government warned
11 November 2021
Money laundering could fuel house price rise, government warned

Senators have been told money laundering could further push up surging house prices, but real estate lobbyists have warned counterattack measures could also shake the market.

Slash housing development red tape, says local council
9 November 2021
Slash housing development red tape, says local council

Planning and regulatory processes around developments can drag out the time from zoning approvals to completed housing by up to 12 years, according to a Queensland regional council.

Open banking most used for expense verification: Frollo
9 November 2021
Open banking most used for expense verification: Frollo

Income and expense verification is the most popular use of Consumer Data Right data, according to a new report from open banking intermediary Frollo.

LATEST PODCAST: When will the RBA raise rates?
8 November 2021
LATEST PODCAST: When will the RBA raise rates?

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Cash rate unlikely to climb in 2022: RBA
8 November 2021
Cash rate unlikely to climb in 2022: RBA

The Reserve Bank has insisted the cash rate will not increase next year, despite inflation creeping up faster than expected.

Afterpay-Square deal won’t go to public review: ACCC
8 November 2021
Afterpay-Square deal won’t go to public review: ACCC

The competition watchdog has said that it does not intend to conduct a public review of the proposed acquisition of buy now, pay later giant Afterpay by digital payments company Square, Inc

Smaller banks on edge watching APRA’s next steps
4 November 2021
Smaller banks on edge watching APRA’s next steps

The chief of a banking industry body has warned any further lending controls APRA decides to implement have the potential to choke competition.

E-conveyancing reforms on track to begin next year
4 November 2021
E-conveyancing reforms on track to begin next year

The first steps for e-conveyancing reform and regulation will roll out from early 2022, according to a ministerial statement.

RBA makes Cup Day rate call
2 November 2021
RBA makes Cup Day rate call

The Reserve Bank has declared its rate decision for November, as talk of a faster-than-expected rise has fired up.

Loan deferrals continue to rise
2 November 2021
Loan deferrals continue to rise

A total of over $13.0 billion worth of loans are on deferrals as at 30 September, up from almost $12.0 billion in August, APRA data has shown.