Articles

James Malbon| The Conversation| 3 November 2017 https://theconversation.com/forcing-the-banks-to-hand-over-our-credit-history-might-help-with-a-home-loan-but-it-has-risks-86757 The federal government will be forcing banks to hand over half their credit data ready for reporting by mid-2018 (with the remainder available in 2019). It seems rather quaint in the age of big data that the big four banks have been able to hold onto their […]

Annie Kane| The Adviser| 25 October 2017 https://www.theadviser.com.au/breaking-news/36930-consumers-don-t-want-to-pay-fees-to-brokers-says-banking-head Suncorp Bank’s CEO of banking and wealth has said that he does not believe that customers would want to pay fees to get mortgage broking advice, adding that he thinks broker commissions will therefore just be “tidied up at the edges”. David Carter, chief executive officer for […]

Stephen Koukoulas| Yahoo7| 16 October 2017 https://au.finance.yahoo.com/news/1897318-045821149.html?soc_src=social-sh&soc_trk=ma Australia’s banking sector is in peak health and the household sector is having few if any problems managing its debt. This is the good news from the Reserve Bank of Australia Financial Stability Report which effectively put the kybosh on the fear-mongers who continue to forecast a crisis […]

Jessica Irvine| Sydney Morning Herald| 14 October 2017 http://www.smh.com.au/business/the-economy/interest-rate-rises-are-coming-but-not-like-before-20171013-gz08hy.html What is the right level for interest rates? It’s hard to think of a more important question for the economy. Households want to know how much they can borrow and service. Banks want to know how much they can lend to people. Policy makers, particularly the […]

NAB and ANZ economists are now predicting two rate rises next year, while CBA is predicting one rate rise. It has now been 82 months since the Reserve Bank last increased its cash rate and Australian borrowers are going to have do something new – work out how they are going to cope when their […]

Miklos Bolza| Australian Broker| 25 September 2017 http://www.brokernews.com.au/news/breaking-news/brokers-aid-consumers-smes-and-small-lenders-rba-241609.aspx The widespread use of brokers has led to a number of positive outcomes including increased industry competition, greater lending efficiency and consumer access to a wider range of products, the Reserve Bank of Australia (RBA) has acknowledged. In its submission to the Productivity Commission Inquiry into Competition […]