Articles

Interest rates calculator: How much are banks’ decisions costing you?

http://www.abc.net.au/news/2016-10-05/interest-rates-calculator-big-four-banks/7808804 Matt Martino, Colin Gourlay and Ben Spraggon | ABC Business| 5 October 2016 When the Reserve Bank of Australia announces an interest rate cut, all eyes turn immediately to the big banks to see if they’ll follow suit. This month, the RBA decided to leave interest rates on hold but since November 2011, the […]

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Interest rates calculator: How much are banks’ decisions costing you?

http://www.abc.net.au/news/2016-10-05/interest-rates-calculator-big-four-banks/7808804 Matt Martino, Colin Gourlay and Ben Spraggon | ABC Business| 5 October 2016 When the Reserve Bank of Australia announces an interest rate cut, all eyes turn immediately to the big banks to see if they’ll follow suit. This month, the RBA decided to leave interest rates on hold but since November 2011, the […]

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WILL THE RESERVE BANK CUT RATES AGAIN?

http://www.thebull.com.au/articles/a/62953-will-the-reserve-bank-cut-rates-again.html Craig James| Comm Sec| 3 October 2016 Reserve Bank Board meeting The Reserve Bank has left the cash rate at a record low of 1.50 per cent. The Reserve Bank is expected to await the September quarter inflation data in late October to decide the next move in rates. What does it all mean? Will the […]

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Has Vancouver found the solution to a super-heated housing market?

https://www.theguardian.com/cities/2016/sep/30/vancouver-canada-house-prices-solution-super-heated-housing-market Patrick Collinson| The Guardian| 30 September 2016 There is a city which is suffering a worse property bubble than Sydney, whose residents are more priced-out than Londoners, and where there is a greater divide between the housing haves and have-nots than even San Francisco. That city is Vancouver, and in response to these mounting […]

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‘Clear indication’ trail commission will not be banned, says mortgage chief HomeNews

Julia Corderoy| Australian Broker| 26 August 2016 http://www.brokernews.com.au/news/breaking-news/clear-indication-trail-commission-will-not-be-banned-says-mortgage-chief-222241.aspx Trail commission is unlikely to banned as a part of ASIC’s remuneration review of the mortgage broking sector, the chief executive of a major mortgage franchise has said. Speaking at the release of Mortgage Choice’s FY2016 annual results, CEO John Flavell said it is doubtful ASIC will […]

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CBA Pulls Back in Mortgage Discount War

Clancy Yeates| Sydney Morning Herald| 23 August 2016 http://www.smh.com.au/business/banking-and-finance/commonwealth-bank-cuts-mortgage-discounts-by-015-percentage-points-20160822-gqyb1f.html The Commonwealth Bank will cut the size of lucrative discounts offered to customers taking out new home loans by 0.15 percentage points, pointing to higher funding costs and tougher capital rules. With banks competing fiercely for credit growth in recent months, lenders have sought to win customers by […]

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