Breaking News

Third party unscathed amid CBA job cuts 
by • 11 Oct 2023
While the CBA has cut more than 1,000 jobs this year, it’s believed the third party remains unimpacted. READ MORE

Heritage and People’s Choice resi portfolio up $900m
by Adrian Suljanovic • 11 Oct 2023
The freshly formed mutual bank has reported a lift in its residential lending portfolio for the financial year ended 30... READ MORE

Bridgit appoints regional sales director
by Adrian Suljanovic • 11 Oct 2023
The non-bank lender has announced the appointment of Michael Balshaw as its new regional sales director. READ MORE

Businesses to look to brokers as ATO prepares to disclose debtors  
by Josh Needs • 10 Oct 2023
Brokers could see an influx of debt inquiry from SMEs after the ATO has warned businesses that they risk having their... READ MORE

Brokers observe a boom in WA property investment

by • 10 Oct 2023
Brokers have been noticing a surge in property investment in Western Australia while other states and territories... READ MORE

Better Choice reduces serviceability buffers
by Adrian Suljanovic • 10 Oct 2023
The non-bank lender has announced that it has reduced its assessment buffer for one of its product ranges. READ MORE

Up to a half of high LTI borrowers living beyond their means
by Annie Kane • 10 Oct 2023
Up to 50 per cent of borrowers with high loan-to-income ratios do not have sufficient income to meet their housing... READ MORE

Brokers navigate construction industry turmoil

by • 9 Oct 2023
The construction sector is grappling with a severe crisis, experiencing a staggering 72 per cent increase in... READ MORE

Rate Money expands clawback reductions
by Reporter • 9 Oct 2023
The mortgage manager has announced reduced clawbacks and further enhancements on another one of its product lines. READ MORE

Transport drives household spending increase
by Josh Needs • 9 Oct 2023
Household spending in August has been driven by a jump in non-discretionary spending, including transport, according to... READ MORE

CBA confirms appointment of permanent broker head
by Annie Kane • 6 Oct 2023
The big four bank has announced the formal appointment of its new general manager, third-party banking. READ MORE

Brokers ‘key to democratising finance’, says former ASIC chair
by Annie Kane • 6 Oct 2023
Mortgage brokers are “a very effective competition tool against the banks” and are key to “democratising... READ MORE

CBA loan book drops as pricing war heats up
by Adrian Suljanovic • 6 Oct 2023
The major bank’s loan growth has dropped, with some brokers suggesting a lack of competitive pricing has been a... READ MORE

Agribusinesses brace for looming drought, lenders report
by • 6 Oct 2023
As bushfires and extended droughts hover on Australia’s horizon, businesses are bolstering their cash reserves in... READ MORE

CBA appoints new small-business banking executive
by Josh Needs • 6 Oct 2023
The new executive will focus on “delivering value-added outcomes to help business owners thrive”, according to the... READ MORE

Hot Property: The biggest property headlines from week 2–6 October
by Adrian Suljanovic • 6 Oct 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 6... READ MORE

Senate accuses ASIC of failing to act on bank misconduct
by • 5 Oct 2023
The regulator’s alleged mishandling of banking misconduct complaints has been labelled as ‘shameful’ and... READ MORE

Brokers rate speed and service as top priority: AMP
by Reporter • 5 Oct 2023
Speed and service have emerged as the top priorities for mortgage brokers, according to a recent survey. READ MORE

Majority of borrowers can’t handle another rate rise: Canstar
by Josh Needs • 5 Oct 2023
Over two-thirds of mortgage holders “won’t be okay” if rates rise again, according to Canstar, but brokers are... READ MORE

Expanded media platform unveiled to support Australia’s cyber sector
by Reporter • 5 Oct 2023
Australia’s leading source of market intelligence and news for the cyber security sector, Cyber Security Connect, has... READ MORE

Finsure hits new milestones as it eyes international expansion
by Adrian Suljanovic • 4 Oct 2023
The aggregator has announced two new milestones as it looks to expand its operations overseas. READ MORE

ASIC sues payday lenders
by Reporter • 4 Oct 2023
ASIC has commenced civil penalty proceedings in the Federal Court accusing two payday lenders of providing credit... READ MORE

Credit repair provider expands reach into broker channel
by Reporter • 4 Oct 2023
Credit Fix Solutions has joined the panel of Purple Circle, the latest aggregator partnership it has unveiled to help... READ MORE

Mortgagors 'not out of the woods yet', CEO warns
by Adrian Suljanovic • 3 Oct 2023
The RBA has called the cash rate for October, however, threats of another cash rate hike loom, an aggregator's chief... READ MORE

Cash rate pause likely to continue in October
by Adrian Suljanovic • 3 Oct 2023
Another hold in the cash rate is expected during the Reserve Bank of Australia’s October board meeting. READ MORE