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Treasurer approves ANZ-Suncorp merger

ANZ’s acquisition of Suncorp’s banking arm has been given the go-ahead by the federal Treasurer Jim Chalmers, in the biggest ...

RBA tipped to embrace ‘lower for longer’ strategy

The central bank is expected to hold interest rates well into next year following a strong inflation print in May.

Bridgit launches 12-month loan term

The non-bank lender has announced a new loan term following a recent debt facility funding.

New provisions for guarantors included in Banking Code update

To ensure guarantors better understand their obligations, the association has updated the Banking Code of Practice.

Prices to jump 2–5% over FY25: PropTrack

Home prices are to continue climbing as buyer demand remains strong in a high interest rate environment.

Turnarounds slow at smaller banks: Broker Pulse

Brokers have reported that the smaller banks are suffering from slower turnarounds, according to the latest Broker Pulse ...

Mortgage stress expected to fall in the wake of stage 3 tax cuts

According to recent data, more than 1.5 million Aussies are at risk of being affected by mortgage stress. However, with stage ...

Monthly CPI surges

The ABS has revealed a lift in the monthly CPI for May 2024.

Loan discharges have increased: RBA

Borrowers are opting to deleverage due to higher interest rates, the RBA has revealed.

Profit-making sales at 14-year high

Property resales have hit their highest rate of profitability since 2010.

Major bank sanctioned by BCCC

The banking committee has sanctioned a major bank for “serious and systematic” breaches of the Banking Code.

Human right to housing bill introduced to Parliament

A new bill that would solidify housing as a human right in Australia has been introduced to Parliament.

Appeal filed in class action proceedings against CBA

An appeal has been filed from the Federal Court judgment in the shareholder class action proceedings.

Customer-owned banks announce merger plans

The two non-major banks have announced plans for a merger to position both organisations for future growth.

ACT government amends stamp duty concession policy

To encourage more buyers into the market, the territory government has increased the maximum income threshold to be eligible ...

Perth ‘comparatively’ more affordable than other cities: CBA

Research from the major bank has found that Perth’s housing affordability remains “comparatively better” than other capitals

Leave land tax proposal ‘dead in the ground’: REIQ

The institute has urged both Queensland political parties to not resurrect the multi-jurisdictional land tax proposal.

Revealed! Which lender do brokers most highly rate?

The Third-Party Lending Report 2024 has been released, revealing which lender is most highly rated by mortgage brokers.

Lending and broking top open banking use cases

There are now 158 use cases for open banking in Australia, with lending, credit, and broking dominating the use cases.

Firstmac prices Australia’s first solar RMBS issuance

The lender has priced the country’s first RMBS issuance to include residential mortgages that are written under the rooftop ...

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