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Breaking News
ACCC extends Suncorp-ANZ merger review
by • 19 Apr 2023
Suncorp has acknowledged the consumer watchdog’s request for more time to approve the merger deal with ANZ.
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Non-bank lender dumps clawbacks
by • 19 Apr 2023
Mortgage Ezy has abolished clawbacks for its lending products in a move to support brokers.
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Alex Bank appoints CCO
by Adrian Suljanovic • 19 Apr 2023
The digital bank has announced the appointment of Steve Degetto as chief commercial officer in an effort to bolster its...
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Bank impersonation among top scam trends: ACCC
by Annie Kane • 19 Apr 2023
A record $3.1 billion was lost to scams in 2022, with bank impersonation scams — including those relating to loans...
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Broker channel welcomes Pepper Money fixed-rate loan innovation
by Annie Kane • 18 Apr 2023
The broking industry has welcomed Pepper Money’s move to offer a two-year home loan product that enables...
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CommBank launches green asset finance range
by Adrian Suljanovic • 18 Apr 2023
The major bank has announced new green asset finance solutions in an effort to support businesses in their...
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South-East Qld SMEs get $2.5m flood support
by Adrian Suljanovic • 18 Apr 2023
Twenty-one South-East Queensland councils will receive grants of up to $250,000 per council to help small businesses...
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Brokers provide 20,000 nights of shelter to underprivileged
by Annie Kane • 17 Apr 2023
Sydney-based brokerage Atelier Wealth has doubled its Homeloans for the Homeless goal, providing 20,000 nights of...
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Suncorp launches instant pricing tool for brokers
by Annie Kane • 17 Apr 2023
The non-major bank has launched a new instant pricing tool on its broker portal, enabling brokers to complete ‘best...
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BNPL ‘crucifying cash flow’, broker warns
by • 17 Apr 2023
As more Australians use digital payments for quick cash flow, a finance broker has warned it's hurting small...
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Business lending growth outpaces housing growth, ANZ reports
by • 14 Apr 2023
The major bank forecasts private sector credit to grow just 3.7 per cent for the year to December 2023, down from 8.4...
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Alex Bank appoints new state manager
by Adrian Suljanovic • 14 Apr 2023
The digital bank has announced the appointment of Andrew Peng as its new state manager for broker partnerships in...
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Hot Property: The biggest property headlines from week 10–14 April
by Adrian Suljanovic • 14 Apr 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 14...
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AFCA names chief ombudsman
by Reporter • 14 Apr 2023
The financial complaints body has announced who its chief ombudsman and chief executive officer will be for the next...
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Merger laws ‘no longer fit for purpose’: ACCC chair
by Adrian Suljanovic • 13 Apr 2023
ACCC chair Gina Cass-Gottlieb has called for merger law reforms to protect competition in Australia’s current period...
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90% of broker clients want ‘holistic’ lender info
by Adrian Suljanovic • 13 Apr 2023
New research from Great Southern Bank has revealed the majority of Australians believe brokers should provide more...
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ATO to further scrutinise 1.7 million property investors
by Kyle Robbins • 13 Apr 2023
The tax office will collect residential investment property loan data, as part of a regular review.
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Household spending up in Feb: ABS
by Adrian Suljanovic • 13 Apr 2023
The latest Monthly Household Spending Indicator released by the ABS has revealed almost a 12 per cent increase in...
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‘We will not pay a ransom’: Latitude refuses cyber criminals
by Reporter • 12 Apr 2023
The personal lender has refused to pay a ransom to criminals who stole personal identification documents in a cyber...
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Brokers diversifying into commercial lending exceeds 6k: MFAA
by Adrian Suljanovic • 12 Apr 2023
The MFAA has reported the number of mortgage brokers also writing commercial loans has exceeded 6,000 for the first...
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Mortgagor confidence surges amid rate pause
by • 12 Apr 2023
After the central bank hit pause on cash rate hikes this month, mortgage holders’ confidence has lifted sharply, new...
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Business confidence increases as price pressures ease
by • 12 Apr 2023
While inflation remains high, business costs eased in March and brought some reprieve for businesses.
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50% of fixed-rate loans to expire in September, Aussie warns
by • 11 Apr 2023
Aussie Home Loans has revealed that one in five mortgage holders will have their fixed-rate home loan end in the...
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Majors gained market share in September 2022 quarter: MFAA
by Adrian Suljanovic • 11 Apr 2023
The proportion of broker-originated home loans settled with the major banks rose in the September 2022 quarter,...
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Calls for more build-to-rent investment ahead of federal budget
by • 11 Apr 2023
With Australia’s housing supply expected to worsen, the Property Council of Australia is calling for more investment...
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