Articles

Christina Zhou| ABC| 21 August 2017 http://www.abc.net.au/news/2017-08-21/chinese-property-buyers–top-10-countries/8826522?section=business Australia is losing Chinese buyer interest to other parts of the world as tougher government regulations and new tax rules continue to bite, new data shows. Top 10 countries for Chinese property buyers in 2017 United States Australia Thailand Canada United Kingdom New Zealand Germany Japan Malaysia Spain […]

Kate Letheren and Paula Dootson| The Conversation| 10 August 2017 https://theconversation.com/banking-with-a-chatbot-a-battle-between-convenience-and-security-81328 Soon, you will be able to check your bank balance or transfer money through Facebook Messenger and Twitter as banks experiment with chatbots. Companies like Ikea have used customer service chatbots for close to a decade. But their use in financial services represents a […]

Lucy Dean| Mortgage Business| 7 August 2017 https://www.mortgagebusiness.com.au/breaking-news/11354-orderly-unwinding-in-housing-market A “sharp correction” in the housing market is unlikely to occur in the next two years, but an “orderly unwinding” is on the cards, S&P has said. Sharad Jain, director of financial services ratings at S&P Global Ratings, has predicted an “orderly unwinding” in the property market […]

Last month Accredited Broker postulated “Is It Banks versus Brokers?” In the intervening weeks since our last edition, it has become clear that the picture is more complicated – one that has significant impact on brokers. In some cases we are seeing the Big Four banks diverging in their support for broker-originated business. In others we see […]

Swati Pandey and Wayne Cole| Reuters| 22 July 2017 http://www.msn.com/en-au/money/finance-marketnews/australia-central-bank-no-automatic-reason-to-follow-global-rate-hikes/ar-AAowNRt?li=AA54Gb&ocid=spartandhp The recent outbreak of hawkishness by policymakers in the western world does not automatically mean that interest rates need to rise in Australia, a top central banker said on Friday. Canada’s central bank increased interest rates to 0.75 percent this month while the U.S. Federal […]

Annie Kane| The Adviser| 20 July 2017 Members of the mortgage broking and banking industries have agreed the framework to develop an industry response to ASIC’s report on mortgage broker remuneration. The mortgage industry forum, which comprises the Australian Bankers’ Association (ABA), the Mortgage and Finance Association of Australia (MFAA), the Finance Brokers Association of Australia (FBAA), […]