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Breaking News
RBA cuts cash rate below 4% for first time in 2 years
by Will Paige • 20 May 2025
The cash rate will drop below 4 per cent for the first time in two years as the central bank continues its rate-easing...
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Market widely expects 25-bp rate cut today
by Will Paige • 20 May 2025
There is near-unanimous agreement that the RBA will reduce the cash rate today, but longer-term forecasts are being...
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February rate cut triggers refinancing flurry
by Will Paige • 20 May 2025
Refinancing surged in March and April as the rate-easing cycle prompted mortgage holders to seek out more competitive...
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AFCA moves to expand oversight to bank scams
by Will Paige • 20 May 2025
If proposed changes are approved, receiving banks will fall within AFCA’s jurisdiction when it assesses complaints...
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E-conveyancing competition calls intensify after PEXA ‘issue’
by Annie Kane • 19 May 2025
Conveyancers are calling for more ELNO competition after a “technical issue” at PEXA resulted in delays to some...
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More than half of SMEs plan to borrow in the next year
by Will Paige • 19 May 2025
An increasing number of small businesses are looking to take out finance in the next year, according to Lumi.
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Aussie launches white label bridging loan
by Will Paige • 19 May 2025
The major brokerage has partnered with Bridgit to offer a new white label bridging loan.
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Cost crunch among top challenges for broker clients
by Will Paige • 19 May 2025
Cost pressures and access to capital are among the top concerns for brokers’ clients, Shift research shows.
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ING moves to new settlement tech
by Annie Kane • 16 May 2025
The non-major bank is harnessing MSA National technology to transform its settlement process with near-instant loan...
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Flint announces expansion into SA via merger
by Annie Kane • 16 May 2025
Sydney brokerage Flint has begun expanding its presence across Australia, as an Adelaide-based brokerage merges into...
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BNK appoints new COO
by Will Paige • 16 May 2025
FleetPartners’ former head of lease establishment has joined non-bank lender BNK.
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Fintelligence adds Moneytech to commercial panel
by Will Paige • 16 May 2025
The AFG-owned aggregator has bolstered its commercial panel in response to growing demand for SME finance options.
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North Qld small businesses offered disaster relief grants
by Will Paige • 16 May 2025
The government is providing $15,000 disaster relief grants to small businesses in North Queensland.
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Hot Property: The biggest property headlines from the week 12–16 May
by Ben Squires • 16 May 2025
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 16...
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AMP CEO defends 10-year IO loan offering
by Annie Kane • 15 May 2025
After its new, 10-year interest-only home loan raised eyebrows, AMP CEO Alexis George has defended the loan product.
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CBA proprietary flows continue to dominate
by Annie Kane • 15 May 2025
The proportion of broker-originated mortgages continues to fall at CBA, with 68 per cent of new home loans coming from...
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New home lending grows annually, investment loans near record
by Will Paige • 15 May 2025
The value of new home lending in the March 2025 quarter was more than 14 per cent higher year on year, despite a slight...
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Young Australians upbeat on home ownership
by Will Paige • 15 May 2025
Despite housing affordability being one of their biggest concerns, younger consumers remain optimistic about buying a...
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Victoria to extend stamp duty discount for new homes
by Will Paige • 15 May 2025
Premier Jacinta Allan has announced a one-year extension to the stamp duty concession scheme for off-the-plan...
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Industry sets out wish list to new Financial Services Minister
by Annie Kane • 14 May 2025
The broker associations have set out their hopes for what they’d like new Financial Services Minister Daniel Mulino...
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Brokers well-placed to ride green home loan wave
by Will Paige • 14 May 2025
As climate change and a cost-of-living crisis drive interest in green finance, brokers can capitalise on a growing...
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Three-quarters of small businesses could miss $20k asset write-off
by Will Paige • 14 May 2025
Just one-quarter of small businesses plan to take advantage of the instant asset write-off, OnDeck Australia research...
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Liberals elect first female leader
by Will Paige • 13 May 2025
A new Leader of the Opposition has emerged following a tight leadership race, becoming the first female leader of the...
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Interoperability hits another snag as LEXTECH withdraws
by Annie Kane • 13 May 2025
The future of the interoperability regime is being called into question as one of the three players involved withdraws...
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A fifth of Gen Z borrowing cash for home deposits
by Will Paige • 13 May 2025
More than a fifth of Gen Z home buyers are relying on cash gifts from family to save enough for mortgage deposits, as...
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