Breaking

Advice for young first home buyers
16 July 2024

Working towards a mortgage can be tough for a young Aussie. Below is some advice to help make the biggest investment a little smoother.

The government’s plan to strengthen banking in the Pacific
16 July 2024

Recently, the Pacific Banking Forum was hosted in Brisbane, co-hosted by the Australian and US governments. A roadmap has now been outlined detailing plans to strengthen banking in the ...

Banks to refund $28m after high-fee controversy
15 July 2024

An ASIC review has revealed that four large banks will refund millions of dollars to vulnerable customers in a controversy that has been described as systematic.

Lenders urged to simplify the broker experience
15 July 2024

Dealing with lenders can be tricky for brokers, especially with consistent regulatory changes impacting processes. Lenders could benefit by making the broker experience more transparent and ...

Majority of FHBs purchased through a broker, research finds
15 July 2024

Emerging research has found a broker’s services swayed the three in five first home buyers to contact a mortgage broker for property purchases.

Non-bank updates resi offering
15 July 2024

Liberty has announced a series of residential lending policy changes to help brokers support more clients.

Mortgage holder spending halves YOY
15 July 2024

Home owners with a mortgage have cut their spending by over half in the year to June 2024, research has found.

Brokers break quarterly record in lodgements
12 July 2024

Brokers have recorded the largest-ever lodgement volume for a Q4, according to the latest AFG data.

Greater Western Sydney experiencing a ‘lending boom’
12 July 2024

Greater Western Sydney (GWS) has seen a significant uptick in commercial lending over the year, with various factors contributing to a thriving economy.

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.