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Union push for RBA board not ‘controversial’: Treasurer

The federal Treasurer has addressed the criticisms aimed at union representatives being appointed to the central bank’s board

HAFF submissions to close in a week

Submissions regarding the HAFF Bill’s second referral to the economics legislation committee will shut next week.

Buying a property with 2 loans isn’t as simple as it sounds

Using two loans to acquire a property for an SMSF can be done, but there are layers of documentation and regulations that ...

Housing shortage ‘biggest issue’ facing Australia: NAB CEO

The major bank’s chief executive has urged that quick action is needed to address the country’s housing shortage problem

Equity position of Home Guarantee Scheme buyers improving: NHFIC

Research has revealed participants of the scheme only increased their average deposit paid by $1,200 compared to all first ...

NSW government splits department to provide greater housing focus 

From January 2024, the state will have a dedicated Department of Planning, Housing and Infrastructure.

AMP agrees to $110m settlement in class action

AMP has reached an agreement to settle a shareholder class action, ahead of a three-week trial.

Spending to ‘slow significantly’ as mortgage repayments rise: AMP

While accumulated household savings are helping cushion impact of high rates, consumer spending is set to slow as borrowers ...

Bluestone shakes up exec leadership team

The non-bank lender has announced two new executive leadership team appointments.

Refinancing struggles doubled over 6 months

A personal finance marketplace has said the number of home owners struggling to refinance due to serviceability issues has ...

Latitude reveals impact of cyber attack in 1H23 results

The non-bank lender has released its 1H23 results for the period ended 30 June 2023, which revealed the impact of its cyber ...

Labour market showing signs of easing: Economists

The employment rate in Australia decreased in July, confirming the central bank's expectations of a ‘turning point’.

Property heads welcome rejection of rent freezes

While property leaders commend the national cabinet’s recent housing targets as a positive stride forward, they emphasise the ...

Cryptocurrency lender sentenced for false ACL claims

A cryptocurrency lender has been sentenced to a non-conviction bond for falsely claiming that it held an ACL.

ANZ reports owner-occupied lending up $4bn in 3Q23

ANZ’s third-quarter results have unveiled an uptick in its loan book.

First-ever Women in Finance Summit launches

Momentum Media is proud to launch its inaugural Women in Finance Summit, aimed at supporting and connecting leading female ...

Senate inquiry reveals 97% of Bankwest’s transactions are digital

The bank has told the inquiry that its strategy was to grow as a “digital and broker-first bank for home buyers”.

RBNZ holds cash rate for second consecutive month

New Zealand’s Reserve Bank has decided to hold its cash rate once again.

National cabinet agrees to new ‘ambitious’ housing target

The national cabinet has agreed to an updated target of 1.2 million new homes over five years.

Rate hikes ‘working as intended’: RBA

As the Reserve Bank’s decision to halt the cash rate was influenced by favourable inflation data, economists widely ...

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