Breaking

Lender rebrands, launches SME offering
12 July 2024

A specialist selective invoice financer has announced a rebranding along with the addition of a “full-service offering” for Aussie SMEs.

Banks with the wealthiest customers ranked
12 July 2024

A recent report has detailed the “net wealth per capita” for the most popular banks in Australia.

Consumers expecting the worst as rate rise worries see abrupt increase
11 July 2024

Poor economic confidence is pushing consumers to expect the worst with interest rate rise fears climbing significantly in July.

Does open banking have a future in broking?
11 July 2024

Open banking is a great way for borrowers to share financial data, which brokers can use to their advantage. However, some are yet to take advantage of these systems, highlighting some of ...

Minister and industry hold ‘groundbreaking’ clawback meeting
11 July 2024

The Assistant Treasurer has met with the broking industry association to discuss further action around the subject of “unfair clawbacks”.

ASIC wins first DDO case against non-bank lender
10 July 2024

The Federal Court has ruled in favour of the regulator, finding that a non-bank lender has breached the new design and distribution provisions.

‘The average new loan size has hit a new record high’
10 July 2024

Despite a 12-year high RBA cash rate, on average, Aussie borrowers are taking out larger mortgages than ever before.

Diñeiro reveals consent flow solution
10 July 2024

The fintech has released a “game-changing” solution for brokers within its open banking platform.

Non-bank lender CEO departs role
9 July 2024

The CEO of a non-bank lender has resigned, with an interim CEO taking his place.

Changes to legislation set forth ANZ-Suncorp merger
9 July 2024

The upcoming ANZ-Suncorp merger has been given a date following the proclamation of Queensland legislation.

Mortgage demand dips in May
9 July 2024

The value of new housing loans has fallen after three months of positive growth.

‘Housing affordability to worsen’ as industry confidence drops
9 July 2024

A recent Property Council of Australia release has claimed that due to a cocktail of influences, housing affordability across Australia will worsen.

SMEs to receive $50m boost for green equipment
9 July 2024

The Albanese government has announced support for small businesses to access cheaper financing for energy-efficient equipment.

Government embarks on ‘new era’ of housing reforms
8 July 2024

The Albanese government has announced the release of 50,000 new places for the 2024–25 financial year under the Home Guarantee Scheme.

How would another rate rise impact the housing market?
4 July 2024

An increase to the cash rate could slow demand in a housing market that’s already showing signs of cooling.