Clancy Yeates| Sydney Morning Herald| 25 March 2019 https://www.smh.com.au/business/banking-and-finance/nab-axes-controversial-home-loan-referral-program-20190325-p517b2.html Real estate agents, lawyers and sports clubs will no longer be able to receive payments from National Australia Bank for helping sell home loans, in a move…
James Frost| Australian Financial Review| 26 March 2019 https://www.afr.com/business/banking-and-finance/mortgage-brokers-push-for-more-concessions-20190326-p517oe Mortgage brokers continued to push the federal government and the opposistion for more concessions following their successful lobbying against a banking royal commission reform. Mark Haron,…
Annie Kane| 12 March 2019| The Adviser https://www.theadviser.com.au/breaking-news/38899-treasurer-delays-trail-abolition-date Treasurer Josh Frydenberg has said that the government will look at reviewing the impacts of removing trail in three years’ time rather than abolishing it next year…
Matthew Cranston| The New Daily| 29 March 2019 https://www.afr.com/news/economy/housing-credit-growth-lowest-since-records-began-20190329-p518vf Credit growth for housing has shown a mild recovery in February but the annual growth rate has hit the lowest level since records started in 1977.…
Chanticleer| Australian Financial Review| 28 March 2019 https://www.afr.com/chanticleer/how-banks-made-their-case-on-credit-culture-in-hong-kong-20190328-p518nk Hong Kong | There’s nothing like a trip overseas to remind you of Australia’s place on the world stage. But at the Credit Suisse Asian Investment Conference…
Kevin Davis| The Conversation| 25 March 2019 https://theconversation.com/sam-and-the-honest-broker-why-commissioner-hayne-wants-mortgage-brokers-to-charge-fees-114071 The Royal Commission recommendation that mortgage broker commissions, currently paid by lenders, should be replaced by up-front fees paid by borrowers, has been controversial to say the…
Cait Kelly| 27 March 2019| The New Daily https://thenewdaily.com.au/money/property/2019/03/27/property-sold-before-auction/ As property prices continue to fall across the country, houses and apartments are increasingly being sold before auction, industry figures say. Nervous vendors are being met…
Henry Belot| The New Daily| 29 March 2019 https://thenewdaily.com.au/news/national/2019/03/29/labor-negative-gearing-concessions/ A Labor government would scrap negative gearing concessions for new investors on January 1 next year, earlier than many analysts and commentators predicted. Shadow Treasurer Chris…
Stephanie Chalmers| ABC Online| 27 March 2019 https://www.abc.net.au/news/2019-03-27/anz-and-nab-bosses-face-parliamentary-grilling/10943760?section=business The bosses of ANZ and NAB have told a parliamentary hearing their banks are willing to lend, amid a greater focus on responsible lending in the wake…
Philip Coorey, John Kehoe & Natasha Gillezeau| Australian Financial Review| 12 March 2019 https://www.afr.com/news/politics/coalition-backs-down-on-ending-trail-commissions-for-mortgage-brokers-20190312-h1caoj The federal government has backflipped on a key recommendation of the banking royal commission and will no longer ban trail commissions…
Recent Comments