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BOQ to launch digital mortgages in 2H24

The non-major bank has confirmed the first phase of its digital mortgages roll-out is set to begin later this year.

Miles government passes new housing legislation

The Queensland government has passed new legislation through the Parliament to fast-track affordable housing development.

March quarter CPI expected to drop under 4%

Major bank economists have anticipated inflation to drop to its slowest pace since December 2021.

RedZed announces changes to product range

The non-bank lender has announced increased loan sizes across its flagship lending product.

New home sales up but flat over quarter: HIA

Despite the increase in March, the level of new home sales was still well below previous quarters, HIA’s senior economist has ...

ATO issues warning about illegal early access to super

The ATO is urging super professionals to watch for potential illegal access to super schemes.

ASIC CEO to depart

The regulator’s chief executive is due to step down from his role as ASIC enters the “next phase of its transformation”

NSW may increase foreign investor taxes

The NSW government has said it may look to increase taxes on foreign investors in the same week it confirmed that property ...

Increased land taxes resulting in SME insolvencies

An increased number of SMEs have fallen into insolvency as growing land taxes have forced landlords to increase rent.

Loan Market payroll tax ruling handed down

The Supreme Court of NSW has ruled on the application of payroll tax to certain brokers, setting a precedent that could ...

Homes to be built around 6 more NSW stations

More homes may be built in Canterbury-Bankstown, Lake Macquarie, and the Central Coast after six more stations were ...

Australia’s debt service ratio ‘extraordinary’: CBA

The change in the debt service ratio has been ‘extraordinary’, according to the major bank.

Average mortgage size up in March quarter: AFG

The national average mortgage size rose during the third quarter of the financial year, the aggregator has found.

Resimac expands Prime Alt Doc LVRs

The non-bank has increased its loan-to-value ratio bands for Prime Alt Doc loans to make them “more accessible to ...

Refinance activity drives up big 4 market share: AFG

Borrowers refinancing have allowed the major banks to maintain their market share dominance, the aggregator has revealed.

Pepper Money prices second public securitisation

The non-bank lender has announced it has priced an ABS transaction in its second securitisation for the year.

Serviceability the ‘number one’ barrier for refinancers: MFAA

Mortgage brokers have said serviceability issues are the primary hurdle for their clients looking to refinance, the MFAA’s ...

MFAA releases white paper recommendations for home loan discharges

The association has released six recommendations to improve the home loan discharge process in its latest white paper report

Millennials most active in property investment: CBA

New data from the major bank has revealed almost half of new property investors in 2023 were Millennials.

ACCC welcomes merger rule changes

Mergers will be approved within 30 working days and follow a single decision-making process as part of new merger reforms, ...


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