In case you missed it this week, RBA bumps up the cash rate, accountancy associations call for member to decline "capacity to repay" requests, Australia's first Islamic bank to distribute through brokers and the government's expanded home guarantee's launch.
The Reserve Bank has continued its approach to fight inflation with a second 50-bp cash rate hike
Accountants to decline ‘capacity to repay’ requests
Several accountancy associations have advised members to decline requests to provide “capacity to repay” certificates, flagging compliance concerns.
APRA has granted a restricted banking licence to Australia’s first Islamic bank, which plans to offer home finance through the broker channel.
From 1 July, 40,000 new places under the federal government’s Home Guarantee Scheme have become available to help Australians buy their own home.