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Borrowers wouldn’t use brokers who charge clawbacks: Survey
Nearly 80 per cent of mortgagors would be put off using a broker that charged a clawback fee, with just as many not knowing what it is, a new study shows.
BROKER • Mon, 30 Jul 2018
Westpac to fast-track remuneration reform ahead of RC report
The major bank has pledged to fast-track the process of implementing recommendations from the Sedgwick review published in April 2017.
LENDER • Sun, 29 Jul 2018
Ombudsman calls for greater support for drought-affected SMEs
The Small Business Ombudsman has called for a major bank to extend its support to small businesses in rural and regional areas affected by drought.
GROWTH • Fri, 27 Jul 2018
Bankwest launches auto-valuation functionality for brokers
The lender has announced the addition of a new functionality that will allow brokers to request upfront auto-valuations prior to starting an application.
BROKER • Thu, 26 Jul 2018
NAB announces changes for agribusiness customers
The major bank has announced three key changes in a bid to better serve its agribusiness customers in regional and rural Australia, after conceding that, in some cases, ...
GROWTH • Tue, 24 Jul 2018
House prices to fall by 15% by 2020
House prices in Australia will continue their downward trend for at least another two years, economists surveyed by Bloomberg have said.
GROWTH • Tue, 24 Jul 2018
Building activity set to be a ‘drag’ on the economy
Building commencements will experience the steepest fall since the 2008 global financial crisis from next year, a global advisory firm has predicted.
LENDER • Sun, 22 Jul 2018
Regional bank asks APRA to change agribusiness standards
Bendigo and Adelaide Bank has called on the prudential regulator to amend standards around agribusiness lending to better reflect different cash flow cycles.
BORROWER • Wed, 18 Jul 2018
Former Liberal staffer to replace Harris as PC chair
The government has announced that Productivity Commission chair Peter Harris will not renew his contract in September and will be replaced by a former staffer to Liberal ...
GROWTH • Mon, 16 Jul 2018