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Breaking News
Connective Home Loans makes BDM appointments
by Malavika Santhebennur • 6 Oct 2021
Connective’s home loan division has announced promotions and appointments in its national BDM team.
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Pepper Commercial joins Aussie lending panel
by • 6 Oct 2021
The non-bank lender’s commercial products will now be open to brokers under the major aggregation group.
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RBA declares October cash rate
by Sarah Simpkins • 5 Oct 2021
The Reserve Bank has confirmed its cash rate decision for October, amid increasing talks of lending curbs.
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New regulatory regimes commence
by Annie Kane • 5 Oct 2021
A range of new financial services law has now come into effect, including reference checking protocols, breach...
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Dwelling approvals bounce back after stimulus wind-down
by Sarah Simpkins • 5 Oct 2021
Construction approvals for dwellings rebounded in August according to ABS data, rising after declines in the months...
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Prospa chair to join HSBC board
by • 5 Oct 2021
The non-major bank has confirmed that the chair of business lender Prospa will join its board as a non-executive...
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Fewer renovations being funded by debt: Houzz
by • 5 Oct 2021
Only one in 10 are now supported by mortgage refinancing, as cash reserves continue to build, according to a new...
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Owner-occupier lending dragged amid lockdowns
by Sarah Simpkins • 4 Oct 2021
The value of new home loans declined by 4.3 per cent in August, as owner-occupier lending fell amid ongoing COVID-19...
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Victorian SMEs to receive $2.3bn COVID support
by Malavika Santhebennur • 4 Oct 2021
A new $2.3 billion funding package has been announced to support Victorian SMEs over the next six weeks, when the state...
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MoneyMe secures $50m funding commitment
by Sarah Simpkins • 4 Oct 2021
The ASX-listed lender has signed a $50 million four-year-long funding agreement, with plans to grow its product suite.
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NAB to merge NAB-Advantedge sales teams
by Annie Kane • 1 Oct 2021
The major bank has combined the NAB Broker and Advantedge sales teams into one business, Broker Distribution.
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MyState Bank welcomes new BDMs
by • 1 Oct 2021
The non-major bank has announced two inclusions to its BDM team, including a senior mortgage broker.
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‘Minimal change’ to ALI offering under deferred sales regime
by Annie Kane • 1 Oct 2021
The protection plans offered by brokers and aggregators through ALI Group are exempt from the incoming deferred sales...
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NSW to ‘go it alone’ on JobSaver extension
by Malavika Santhebennur • 1 Oct 2021
The NSW government will continue funding the JobSaver program extension once the state hits 80 per cent vaccination...
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Loan Market announces new business recruitment head
by • 1 Oct 2021
The major brokerage has confirmed that its national network growth manager is now the head of business recruitment.
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Hot Property: The biggest property headlines from the week 27...
by Reporter • 1 Oct 2021
The weekly round-up of the biggest news stories from across Momentum Media’s property titles from the week ending 1...
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Productivity Commission lauds broker role in SME finance
by Malavika Santhebennur • 30 Sep 2021
A new report has highlighted the importance of brokers in connecting SME borrowers and lenders, while lenders said at...
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Digital lenders challenging the banks: Prospa
by Sarah Simpkins • 30 Sep 2021
Fintechs have been taking components of the banking system and repackaging them into stronger offerings than previously...
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Better Business Awards NSW/ACT winners revealed!
by Annie Kane • 29 Sep 2021
The leading members of the broking industry in NSW and the ACT have been unveiled at the Better Business Awards 2021.
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COVID-19 Disaster Payments to phase out
by Annie Kane • 29 Sep 2021
The weekly support payments will be phased out as states and territories reach 70 per cent and 80 per cent...
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SME lending likely to be regulated, suggest lenders
by • 29 Sep 2021
The chief executive of Pepper Money and a relationships MD at Judo Bank expect the SME lending space to soon be...
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Lend introduces asset finance quoting tool
by • 29 Sep 2021
The SME platform has introduced a new asset finance quoting tool that intends to help brokers assess asset finance...
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ATO to act on SME tax debt, brokers warned
by Malavika Santhebennur • 29 Sep 2021
SMEs and their brokers have been urged to be vigilant as the ATO begins acting on powers to disclose SME tax debt to...
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Qld tourism injected with $70m grants
by Malavika Santhebennur • 29 Sep 2021
Tourism and hospitality businesses in Queensland that are facing significant hardship due to the COVID-19 crisis will...
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Lenders begin releasing ‘target markets’ for loans
by Annie Kane • 28 Sep 2021
Target market determinations for mortgage products are starting to be released by lenders, ahead of the new laws coming...
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