Assuming search is required, and term is required, the following 25 results were found.
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Sydneysiders paying almost half the total property value in taxes
A recent report has highlighted the extreme proportion of taxes being paid to acquire a new property in the nation’s capitals. Shockingly, the taxes paid on a Greenfield estate (a new residential development built on previously undeveloped land) in...
- Type: Article
- Author: Jack Campbell
- Category: Property
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ACCC seeks views on issues affecting Australian savers
The competition watchdog is calling on banks and bank savers to submit their views on competition and issues affecting retail deposits, as part of its pricing inquiry. The Australian Competition & Consumer Commission (ACCC) has released an issues paper...
- Type: Article
- Author: Annie Kane
- Category: Finance Products
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Resi secures expanded funding line
Yellow Brick Road’s securitisation joint venture has secured a new $49 million mezzanine finance partner and increased its senior facility by $100 million. ASX-listed brokerage group Yellow Brick Road Holdings Limited (YBR) — which includes franchise...
- Type: Article
- Author: Annie Kane
- Category: Aggregator
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Non-major banks pass on February rate hike
Home loan and savings rates continue being adjusted after the latest 25-bp cash rate rise, non-major banks have announced. A raft of non-major banks have followed suit in passing on the Reserve Bank of Australia (RBA)’s 7 February 25-bp cash rate...
- Type: Article
- Author: Fabian Cotter
- Category: Lender
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New housing fund spearheads "ambitious" affordable housing drive
New housing legislation has been introduced to Parliament to deliver the "single biggest investment" in affordable and social housing in a decade. States and territories tackling their own housing supply crises will have greater help via new federal...
- Type: Article
- Author: Fabian Cotter
- Category: Property
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Aspiring home owners in the dark on terminology: UBank
A survey has found that those who are yet to buy property have little to no knowledge about home loan products and terms like LVR, LMI and negative gearing. New research from National Australia Bank (NAB)-owned fintech UBank has revealed that 84 per...
- Type: Article
- Author: Malavika Santhebennur
- Category: Finance Products
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Home buying intentions jump sharply: CBA
The major bank’s Household Spending Intentions series has revealed that home buying spending intentions spiked in April 2021 compared with 2020 and 2019. After reaching a new series high in March, the Commonwealth Bank of Australia’s (CBA) latest HSI...
- Type: Article
- Author: Malavika Santhebennur
- Category: Property
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Plenti launches green BNPL finance
The non-bank lender has announced the launch of specialist interest-free finance option for renewable energy technology. Plenti’s buy now, pay later (BNPL) finance option for the installation of residential renewable energy technology such as solar...
- Type: Article
- Author: Malavika Santhebennur
- Category: Finance Products
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Responsible lending debate heats up in Parliament
Politicians have traded blows while debating the repeal of responsible lending laws in the lower house, ahead of today’s Senate hearings. Members of Parliament have gone head-to-head debating the repeal of responsible lending laws in the House of...
- Type: Article
- Author: Annie Kane
- Category: Lender
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Better borrowing power a boon for pre-Christmas sales
The recent reduction of a number of “floor rates” to under 5 per cent could see vendors receiving strong sales up to Christmas and again from early January, a network managing director has stated. Laing+Simmons’ Leanne Pilkington has said that the...
- Type: Article
- Author: Grace Ormsby
- Category: Lender
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ACCC report: 4 ways to improve mortgages
The competition regulator has put forward to government four recommendations that could make mortgages more transparent and reduce barriers to switching. On Saturday (5 December), the government released the Australian Competition and Consumer...
- Type: Article
- Author: Annie Kane
- Category: Property
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Weak population growth to increase strain on home prices
The looming slide in housing market activity in response to the COVID-19 crisis could be exacerbated by weaker than average population growth, according to a Domain economist. Property group Domain has released residential property price figures for...
- Type: Article
- Author: Charbel Kadib
- Category: Innovation
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Bank chairman retires, replacement appointed
A non-major lender has announced the retirement of its chairman and has appointed his replacement. BOQ chairman Roger Davis will retire following the release of the bank’s full-year results in October and will also abdicate his position on the bank’s...
- Type: Article
- Author: Charbel Kadib
- Category: Economy
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Mortgage pricing too opaque and discounting too time consuming: ACCC
Pricing for mortgages is “opaque” and the cost and effort needed to search for discounts is “unnecessarily high”, the ACCC’s Residential Mortgage Price Inquiry has found. The Australian Competition and Consumer Commission (ACCC) released the final...
- Type: Article
- Author: Annie Kane
- Category: Economy
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ACCC chair reappointed until 2022
The federal government has announced that the ACCC’s Rod Sims will maintain his chairmanship for another four years. Rod Sims’ term as the chair of the Australian Competition and Consumer Commission (ACCC) has been extended until 1 August 2022, which...
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Fears raised over new WA property tax
Following the announcement that Western Australia would practically double the foreign buyers surcharge, several property investors and commentators have warned of the potential ramifications on the market and the economy. In Western Australia’s recent...
- Type: Article
- Author: Annie Kane
- Category: Property
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Former CBA boss becomes chair of AMP
AMP Limited has announced that a former CEO of CBA will join the AMP board as chairman after the upcoming 2018 annual general meeting. Following on from the recent announcement that AMP chairman Catherine Brenner had stepped down from the role of...
- Type: Article
- Author: Annie Kane
- Category: Lender
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Regulator concedes comparison rates are ‘opaque’
ASIC has told the Productivity Commission that the comparison rates used for mortgages are “not a very good guide” for whether a rate is good or not, stating that it would be “broadly” in favour of these rates being looked at. In its draft report into...
- Type: Article
- Author: Annie Kane
- Category: Regulation
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They say the only constant in life is change, and as digital marketers scramble to make sense of the latest Google rule changes, it’s becoming clear that the ramifications of these changes for business and the consumer could be widespread and...
- Type: Article
- Category: Technology
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Financial markets are in turmoil and many economists are miserable about growth prospects, but try telling that to the fintech world. The outlook for mobile banking has never been brighter. Its adoption has been much faster than the internet banking...
- Type: Article
- Category: Lender