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news SME news
As home loans fall, NAB eyes business lending ‘homeland’
by Fabian Cotter • 10 Nov 2022
The Australian home lending system “will probably drop” to 2.5–3 per cent growth in 2023, NAB has forecasted.
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ScotPac launches new digital toolbox
by Adrian Suljanovic • 10 Nov 2022
The non-bank SME lender has announced the launch of a new partner portal for brokers and advisers.
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The Block dramas ‘a sign of the times’, presenter says
by Fabian Cotter • 9 Nov 2022
Auction insights, record bids, and houses “passed in” — this season’s The Block had it all and then some.
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Westpac records loan speed improvement
by Fabian Cotter • 8 Nov 2022
Annual mortgage growth was aided by faster loan speed, Westpac has explained.
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Rate increases’ ‘full impact’ will be felt mid-2023: HIA
by Fabian Cotter • 7 Nov 2022
The RBA’s cash-rate tightening is weighing heavily on demand for housing, with full impact only late next year.
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Fringe lending practices in ASIC’s sights
by Fabian Cotter • 4 Nov 2022
Mortgage stress could lead consumers to seek out fringe lending practices, now a particular area of ASIC’s focus.
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Black economy targeted in ABN tax reform
by Fabian Cotter • 3 Nov 2022
Proposed annual ABN changes enmeshed in tax compliance are “fair and reasonable”, the FBAA has acknowledged.
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RBA calls 2.85% November cash rate
by Fabian Cotter • 1 Nov 2022
Mortgage holders brace for further repayment pain as the November cash rate has jumped to 2.85 per cent.
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Cash rate to surpass 4% in next year: survey
by Fabian Cotter • 1 Nov 2022
Cash rate increases will impact consumer spending habits more than mortgage repayments and property costs, Joust has...
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Home loans most common breach report: ASIC
by Fabian Cotter • 31 Oct 2022
A quarter of all breach reports relating to products were about mortgages, according to ASIC’s first Reportable...
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