The property and finance industry is on the starter’s block but is unsure what the next race will be. Certainly we are looking at profound changes. A May election could see a change of power in Canberra with a Labor Government poised to remove negative gearing for established properties. While the majority of commentators are […]
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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 aimed at rebuilding trust after the bank’s reputation took a battering at the royal commission. Acting chief executive Phil Chronican […]
[...]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, chief executive of mortgage broking aggreator Connective Group, said the industry was still lobbying against proposals that might undermine the […]
[...]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 as originally announced, following concerns regarding competition. In an announcement on Tuesday (12 March), Treasurer Josh Frydenberg said that “following […]
[...]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. The monthly figure showed housing credit rose 0.3 per cent in February, according to figures published by the Reserve Bank […]
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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 in Hong Kong this week there is one aspect of Australian business life that drew a good deal of fascination […]
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