Mortgage business logo

Making news this week (ending 21 October)

Making news this week... Falling housing prices “not all downside”, says outgoing APRA chair; Heartland to acquire Challenger Bank; calls to slash red tape amid housing crisis; RBA makes a case for slowing rate rises; and more.

Falling housing prices ‘not all downside’, says outgoing APRA chair

In his final official speech as APRA chair, Wayne Byres has outlined why lower housing prices and lower debt levels “would be no bad thing”.

Heartland to acquire Challenger Bank

The financial services group is to acquire Challenger Bank, including its $89 million retail lending and $228 million of deposits.

Calls to slash red tape amid housing crisis

md discover

The housing industry has put forward urgent recommendations ahead of Thursday’s (20 October) Queensland housing summit as the state faces its “greatest challenges” yet.

RBA makes a case for slowing rate rises 

While the central bank hosed down October’s cash rate hike, global pressures and local climate disasters will weigh on next month’s decision.

‘Stop building in flood plains’: Assistant Treasurer 

Stephen Jones has pledged more funding will become available towards “building resilient” properties amid widespread flooding.

You need to be a member to post comments. Become a member for free today!
Share this article

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph

What are the main barriers to securing a mortgage at the moment?