Breaking News

CPI now within RBA target band
by Annie Kane • 25 Sep 2024
New figures have revealed that inflation is now within the RBA’s 2–3 per cent target band, with energy rebates... READ MORE

ASIC begins cancelling credit licences following CSLR payments
by Annie Kane • 25 Sep 2024
The financial services regulator has, for the first time, cancelled credit licences of companies following the payment... READ MORE

Should APRA have a set arrears target?
by Annie Kane • 25 Sep 2024
A submission to the Senate’s home ownership inquiry has said APRA should have a 2–3 per cent target for home loan... READ MORE

Borrowers will welcome cash rate hold, say aggregator leaders
by Annie Kane • 24 Sep 2024
Members of the broking industry have said that the decision to hold the cash rate will be welcome news to borrowers,... READ MORE

September–October cash rate decision called
by Annie Kane • 24 Sep 2024
The central bank has announced its monetary policy decision for September–October, dousing hopes for a rate cut this... READ MORE

Cost of living now the main barrier to home ownership
by Annie Kane • 24 Sep 2024
The cost of living has surpassed housing affordability as the main barrier to home ownership, according to new research... READ MORE

Finalists unveiled for Women in Finance Awards 2024
by Malavika Santhebennur • 24 Sep 2024
Mortgage and commercial finance brokers are in the running to win one of the coveted Women in Finance Awards 2024. READ MORE

ASIC sues Sydney businesses for alleged unlicensed lending
by Reporter • 24 Sep 2024
A south-west Sydney car dealership is being sued for allegedly providing unlicensed car loans to consumers, which had... READ MORE

New tech partnership aims to optimise onboarding and origination
by Ben Squires • 24 Sep 2024
The partnership will provide banks and lenders with a “complete, end-to-end solution”. READ MORE

Majority of brokers have repeat clients
by Annie Kane • 23 Sep 2024
Fifty-seven per cent of brokers see at least half of their clients come back to them for another loan, according to new... READ MORE

Housing affordability level hits record low
by Ben Squires • 23 Sep 2024
High mortgage rates and increasing house prices have resulted in the poorest housing affordability level on record,... READ MORE

91% of FHBs likely to use a broker: Helia
by Annie Kane • 20 Sep 2024
Nine in 10 first home buyers are likely to use a mortgage broker to obtain a loan for their property, according to new... READ MORE

CBA pushes back rate cut forecast
by Annie Kane • 20 Sep 2024
Hope is fading that the RBA will cut rates this year, with another major bank pushing back its forecasts for a rate... READ MORE

Former bank CEO joins Bendigo board
by Annie Kane • 20 Sep 2024
A former CEO of Rabobank New Zealand has joined the non-major bank as a non-executive director. READ MORE

Hot Property: The biggest property headlines from week 16–20...
by Annie Kane • 20 Sep 2024
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 20... READ MORE

Lenders slammed for delays in processing loans
by Annie Kane • 19 Sep 2024
Delays to processing, poor communication, and issues with lender systems have been flagged by brokers, with the FBAA... READ MORE

Westpac launches digital solution for commercial brokers
by Annie Kane • 19 Sep 2024
Brokers will soon be able to submit a digital loan application for business customers to Westpac, as a result of a new... READ MORE

Finalists revealed for first-ever Momentum Media Australian AI Awards...
by Annie Kane • 19 Sep 2024
Mortgage broking businesses are in the running for a Momentum Media Australian AI Award, recognising those leading the... READ MORE

Help to Buy scheme vote delayed to November
by Annie Kane • 18 Sep 2024
The vote on the federal government’s Help to Buy shared equity scheme has been postponed for an additional two... READ MORE

Senate approves inquiry into CSLR and Dixon collapse

by Reporter • 18 Sep 2024
A Senate inquiry will probe the collapse of Dixon Advisory and its impact on the Compensation Scheme of Last Resort. READ MORE

Reverse mortgage lender rebrands
by Annie Kane • 18 Sep 2024
Heartland Finance is now part of a digital specialist bank, after joining the former Challenger Bank business. READ MORE

Why this ‘peri warrior’ is against menopause leave
by Malavika Santhebennur • 18 Sep 2024
Peri and menopause training founder and TV journalist Shelly Horton has hit back at calls for businesses to introduce... READ MORE

Finsure payroll tax hearing due by December
by Annie Kane • 17 Sep 2024
The court hearing challenging how payroll tax applies to wholesale aggregators is expected to be held before the end of... READ MORE

FSU calls for 12 days’ menopause and menstruation leave
by Annie Kane • 17 Sep 2024
The finance sector should introduce 12 days’ paid menstrual and menopause leave to better support women, the FSU has... READ MORE

First round of HAFF funding set to deliver over 13k homes
by Sebastian Holloman • 17 Sep 2024
After a much-delayed announcement, funding for the initial pipeline of projects in the Housing Australia Future Fund... READ MORE