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Breaking News
Housing crisis deepens amid affordability woes and supply shortfall
by Will Paige • 23 May 2025
Sluggish new house supply has exacerbated affordability problems for prospective home buyers.
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Banks step up support for NSW flood victims
by Will Paige • 23 May 2025
Lenders are providing emergency assistance to customers and businesses as fears grow that floods could worsen in parts...
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Hot Property: The biggest property headlines from the week 19–23 May
by Ben Squires • 23 May 2025
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 23...
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Teachers Mutual and Australian Mutual boards endorse proposed merger
by Annie Kane • 22 May 2025
With due diligence having been completed on another mutual merger, both boards are now recommending that the deal...
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Brokers aren’t the mortgage cost problem, says industry
by Annie Kane • 22 May 2025
Aggregator heads have slammed a column in The Australian Financial Review for suggesting that cutting out brokers would...
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Plenti portfolio grows by a fifth after originations surge
by Will Paige • 22 May 2025
Growth across all lending verticals drove a 19 per cent jump in Plenti’s loan portfolio in the financial year ending...
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LMG adds 2 lenders to commercial panel
by Will Paige • 22 May 2025
Specialist lenders Funding and N1 Holdings have joined LMG’s commercial lending panel as the aggregator continues its...
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ASIC sues Resimac over customer hardship failings
by Will Paige • 21 May 2025
The regulator has claimed Resimac adopted a one-size-fits-all approach to hardship applications that was...
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Banning LRBAs not on government agenda: Treasurer
by Keeli Cambourne • 21 May 2025
Treasurer Jim Chalmers has said the government is not “considering” banning LRBAs in SMSFs, despite the Greens’...
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CBA acts to speed up asset finance options
by Will Paige • 21 May 2025
The major has made a host of changes to its asset finance offering, including for brokers, as it works to reduce the...
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Lenders remain bullish on commercial real estate
by Will Paige • 21 May 2025
Demand for commercial mortgages has remained relatively unchanged over the past year despite intensifying global...
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Rate cut renews borrower and broker optimism
by Annie Kane • 20 May 2025
The broking industry has welcomed the latest rate drop, particularly as several lenders have moved quickly to confirm...
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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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