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Breaking News
Bank changes name, unveils new products
by Nick Bendel • 28 May 2015
One lender has made massive changes, with a new name, new home loans and new fixed-rate options.
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Economist pours water on housing tax idea
by Lara Bullock • 28 May 2015
A new investment tax measure designed to cool the red-hot Auckland market isn’t the answer to slowing the Sydney...
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Lender completes $1bn RMBS deal
by Reporter • 28 May 2015
One non-bank lender has completed a major Australian residential mortgage-backed securities (RMBS) deal, with the help...
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ACCC voices ‘widespread concerns’ about credit repair firms
by Nick Bendel • 27 May 2015
Credit repair companies regularly mislead and exploit vulnerable consumers, according to a regulator’s report.
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Mortgage group unveils record low rate
by Nick Bendel • 27 May 2015
LJ Hooker Home Loans has made a cut of 35 basis points to its white-label product.
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Central bank tightens investor LVRs
by Nick Bendel • 27 May 2015
Australian regulators could be keeping a close eye on New Zealand after new investor rules were introduced by its...
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Another federal housing inquiry gets underway
by Reporter • 27 May 2015
Australia’s parliament has launched an inquiry into home ownership in a sign that affordability remains a key...
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Sydney broker pleads guilty to $7m fraud
by Reporter • 26 May 2015
A former Aussie Home Loans broker has pleaded guilty to three fraud charges brought by ASIC.
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Broker faces court for alleged $12m fraud
by Reporter • 26 May 2015
A mortgage broker has appeared in court after ASIC alleged he operated a Ponzi scheme.
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Westpac poaches leading CBA third-party executive
by Reporter • 26 May 2015
Former Commonwealth Bank executive Lyn Cobley has been appointed Westpac Institutional Bank’s new group executive.
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Bank working weekends to fix turnarounds
by Nick Bendel • 26 May 2015
ME Bank has been working extended hours to get turnarounds back on track after its 3.99 per cent rate contributed to a...
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RBA report highlights credit risks
by Reporter • 26 May 2015
A new report by the Reserve Bank of Australia has warned that rising unemployment and household indebtedness could have...
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MFAA relocation means ‘increased productivity’
by Huntley Mitchell • 26 May 2015
The MFAA is now closer to industry firms and is offering brokers hot desk facilities since its recent move to pricier...
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Economy has flatlined, survey reveals
by Reporter • 26 May 2015
Property and finance are two of the bright spots in an otherwise sluggish economy, a new business survey has found.
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ASIC forces bank to change lending practices
by Staff Reporter • 25 May 2015
Bank of Queensland has changed its lending practices following concern from ASIC about the way it assessed applications...
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Bankwest appoints new broker head
by Reporter • 25 May 2015
Bankwest has announced the appointment of Stewart Saunders as it general manager of broker sales for its retail...
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Nation's largest lender under margin pressure
by James Mitchell • 25 May 2015
A report on Australia’s biggest bank has found it will face ongoing margin pressure after its quarterly trading...
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AFG snares real estate-backed mortgage group
by Reporter • 25 May 2015
Australia’s largest aggregator has partnered with a new brokerage that expects to be represented in all states and...
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Scottish Pacific offers new SME opportunity
by Reporter • 25 May 2015
Scottish Pacific has extended funding options for Australia and New Zealand SMEs after announcing it will now offer...
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Sydney market poised for downturn
by Nick Bendel • 22 May 2015
Overcrowding concerns and declining investor demand could cause Sydney price growth to plummet to just one-fifth of its...
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Brokers can drive more business via the internet
by Karina Cotter • 22 May 2015
The Adviser has launched a one-day, interactive boot camp, partnered by Westpac, to help brokers build and grow their...
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Appoint a housing minister: federal inquiry
by Reporter • 22 May 2015
Politicians from the key political parties have demanded the creation of a dedicated housing ministry to help make...
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Beware of tax concession traps
by Reporter • 22 May 2015
Small businesses should be wary of “bending the rules” to capitalise on the government’s newly proposed tax...
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Brokers to feel effects of APRA investor crackdown
by Huntley Mitchell • 21 May 2015
APRA’s focus on investor lending could have a significant impact on brokers who specialise in that segment of the...
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New campaign to generate ‘awareness and leads’ for brokers
by Reporter • 21 May 2015
Pepper has launched a new campaign aiming to raise the profile of specialist lending and educate borrowers about its...
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