Making news this week (week ending 29 April)

Discover some of the top news stories impacting the mortgages space in this wrap-up for the week ending 29 April

You can read the full stories here: 

Inflation hits highest level in 22 years

Inflation has hit its highest level since the introduction of the GST, with the market to now eagerly watch for how the Reserve Bank manoeuvres the cash rate.

Mortgage lending industry prefers Scott Morrison as PM

A Liberal-National Coalition led by Scott Morrison is the preferred outcome of the federal election, according to a new survey.

ANZ approving more false mortgage applications than rivals: UBS

The majority of ANZ borrowers who made misrepresentations on their mortgage applications were advised to do so by the bank’s staff, according to a new survey.

Westpac to cough up $113m over ASIC lawsuits

The Federal Court has ordered Westpac to pay $40 million for charging dead customers financial advice fees, in the last of six lawsuits from the corporate cop. 

Australian property market: “finally hit the wall”

Home loan activity declined sharply over February, driven by the significant falls in affordability as a consequence of booming house prices.