Powered by MOMENTUM MEDIA
Broker Daily logo

Breaking

Bankwest to open progress payments for modular properties
8 December 2023

The major bank’s subsidiary has announced the introduction of additional progress payments to support Western Australia’s housing supply.

Which capital values are slowing the fastest?
8 December 2023

Capital cities that have led the home price recovery have recorded slowing growth, PropTrack has found.

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’.

Bluestone lowers serviceability buffer
7 December 2023

The mortgage lender has lowered its serviceability buffer from 2 per cent to 1.5 per cent for certain borrowers, in a bid to help more broker clients access finance.

Serviceability resilience ‘surprising’ in high rate environment: CoreLogic
7 December 2023

Households have remained resilient in servicing increased mortgage costs despite interest rate rises, CoreLogic’s head of research has said.

Signs of credit risk improve despite higher rates
7 December 2023

Credit risk has shown a positive turnaround towards the end of 2023, despite rising interest rates, new data has found.

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.

E-conveyancers ‘investing heavily’ following UK cyber attack
6 December 2023

Local e-conveyancing providers are “taking several steps to ensure we remain vigilant” in the aftermath of the cyber attack overseas.

BOQ to address disadvantages and invest in ‘legacy issues’
6 December 2023

The lender has confirmed it will put further investment into addressing “historic” issues, including developing its digital bank offering.

Residential housing values top $10.2tn
6 December 2023

The value of Australia’s 11 million residential homes has topped $10.2 trillion for the first time.

Christmas comes early: RBA holds
5 December 2023

The central bank has held the official cash rate steady in the lead-up to the holiday season.

ACCC made ‘fatal mistake’ in blocking ANZ/Suncorp merger: ANZ counsel
5 December 2023

The consumer watchdog has made a “fatal mistake” when it knocked back ANZ’s $4.9 billion acquisition of Suncorp Bank, the counsel representing ANZ has told the competition tribunal.

Owner-occupier lending continues to grow: ABS
5 December 2023

New home loan activity contributed to an uptick in mortgage growth in October, new ABS data has found, as refinancing continued to fall.

Beyond Bank appoints new CEO
4 December 2023

The former chief executive of RAMS has assumed the role of CEO at Beyond Bank.

Rate hike reprieve likely for December
4 December 2023

Predictions from the big bank economists and markets have foreseen interest rates to hold steady in December.