Breaking News

New Broker Academy 2023 to accelerate brokerage success
by Malavika Santhebennur • 28 Mar 2023
Registrations have opened for the 2023 New Broker Academy, a free conference that arms brokers with the tools to thrive... READ MORE

HomeBuilder documentation deadline extended
by Adrian Suljanovic • 28 Mar 2023
Minister for Housing Julie Collins MP has confirmed the deadline extension for supporting paperwork for HomeBuilder... READ MORE

Revenue NSW to pause new payroll tax audits
by Annie Kane • 27 Mar 2023
The NSW tax revenue office has confirmed in writing that it won’t commence any new aggregator audits on payroll tax. READ MORE

Non-major bank announces new CEO
by Annie Kane • 27 Mar 2023
The Bank of Queensland Limited has revealed who its next chief executive and next chairman will be. READ MORE

Arrears begin to tick up: Fitch Ratings
by Annie Kane • 27 Mar 2023
Australia’s 30+ day mortgage arrears rose by 11 bps in the three months to December and are expected to continue to... READ MORE

2 charged over alleged $3.5m SMSF con
by Reporter • 27 Mar 2023
Police claim the Sydney-based pair defrauded almost two dozen people over more than a decade. READ MORE

Hiring plans hit post-pandemic high, survey reveals
by Reporter • 27 Mar 2023
Three out of four businesses plan to recruit and will prioritise quality candidates over “bums on seats”. READ MORE

NSW SMEs hit hardest by cost pressures: ScotPac
by Adrian Suljanovic • 24 Mar 2023
Small and medium-sized enterprises in NSW have been the most impacted by cost pressures, according to ScotPac. READ MORE

BNK buys $150m loan portfolio
by Annie Kane • 24 Mar 2023
The ASX-listed lender has increased its book by 13 per cent after acquiring $150 million worth of high-margin... READ MORE

Hot Property: The biggest property headlines from week 20–24 March
by Adrian Suljanovic • 24 Mar 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 24... READ MORE

Non-bank goes offline following ‘large-scale information theft’
by James Mitchell • 23 Mar 2023
The scale of the cyber attack on a listed lender Latitude Financial Group is far more significant than originally... READ MORE

International capital the key to affordable housing
by James Mitchell • 23 Mar 2023
The Property Council of Australia believes attracting global investment is essential if Australia is to address issues... READ MORE

NAB fixed-rate peak to hit in June
by Annie Kane • 23 Mar 2023
About $25 billion of NAB’s fixed-rate loans will mature in the first half of this year, with another $50 billion in... READ MORE

Assetline Capital appoints Qld state manager

by Adrian Suljanovic • 23 Mar 2023
The non-bank lender has appointed Jason Lucas as its Queensland state manager as part of its presence expansion in the... READ MORE

Small-business owners optimistic about growth in 2023: Prospa
by Adrian Suljanovic • 22 Mar 2023
Small-business owners are confident about the health of their businesses and growth for the year, the SME lender’s... READ MORE

NAB appoints new CFO
by Adrian Suljanovic • 22 Mar 2023
The major bank has announced Nathan Goonan will step into the role of group chief financial officer. READ MORE

Natalie Sheehan joins Adelaide Bank

by Annie Kane • 21 Mar 2023
Adelaide Bank has appointed former Brighten head of distribution Natalie Sheehan as its new national manager for broker... READ MORE

Average loan life now around 3 years: Sherlok
by Annie Kane • 21 Mar 2023
The average length of a loan is now 37 months, according to refinance fintech Sherlok, as more brokers and borrowers... READ MORE

N1H extends $55m debt facility

by Adrian Suljanovic • 21 Mar 2023
The group has confirmed the extension of its $55 million debt facility until July 2025. READ MORE

COG announces acquisition and partial divestment

by Adrian Suljanovic • 21 Mar 2023
COG Financial Services has announced the acquisition of salary packaging business, Paywise, and the simultaneous... READ MORE

LMG adopts new regtech system
by Reporter • 21 Mar 2023
The aggregation group has partnered with UK-based regtech specialist Clausematch to digitise compliance. READ MORE

RBA in the dark about fixed-rate borrower savings
by James Mitchell • 20 Mar 2023
While it hopes those on fixed-rate mortgages are already saving for increased repayments, the Reserve Bank says it’s... READ MORE

Opinion: RBA is ignoring the cold hard facts about how we spend

by James Mitchell • 20 Mar 2023
The Reserve Bank is playing a risky game by jacking up interest rates while confidently guessing fixed-rate borrowers... READ MORE

CommBank HSI index falls in February

by Adrian Suljanovic • 20 Mar 2023
The major bank’s household spending index declined in February, driven by less spending on entertainment, retail and... READ MORE

Westpac downgrades cash rate forecast
by Annie Kane • 20 Mar 2023
The major bank has downgraded its terminal rate forecast and called a pause in April, following new economic data and... READ MORE