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RBA undecided on revealing board votes, speeches
ASIC sues Westpac for failing those experiencing hardship
ASIC sues Westpac for failing those experiencing hardship
Reserve Bank of Australia governor Michele Bullock is holding off committing to revealing board votes on interest rate decisions and all members giving speeches, as recommended by an independent review. - AFR 25.09.23
ASIC sues Westpac for failing those experiencing hardship
ASIC sues Westpac for failing those experiencing hardship
ASIC sues Westpac for failing those experiencing hardship
The financial services regulator has alleged the major bank failed to process 229 hardship applications. The ASIC has commenced civil proceedings in the federal court against Westpac for breaches of the National Credit Code - Mortgage Business 05.09.23
Westpac Economist Bill Evans forecasts 7 rate reductions in 2024
Westpac Economist Bill Evans forecasts 7 rate reductions in 2024
Westpac Economist Bill Evans forecasts 7 rate reductions in 2024
The decision to pause will be with a reasonable view that the tightening cycle has peaked. Westpac concurs and expects that the next move in rates beyond mid–2023 will be the beginning of an easing cycle in the March quarter 2024 - Westpac 27.02.23
Buyers vs sellers: who will win 2023’s real estate battle?
Westpac Economist Bill Evans forecasts 7 rate reductions in 2024
Westpac Economist Bill Evans forecasts 7 rate reductions in 2024
"If you’re waiting for prices to fall further, your borrowing power will be reduced too, as rate increases. If you’re waiting for interest rates to fall, you can borrow more money, but there’s more competition, and you end up paying more." Blair Gardner - AFR 28.12.22
NAB leads flurry of big bank debt deals as $200b RBA loans fall due
Company directors scrambling to get ID or face $13,000 fine in bid to stop 'dummy directors'
Company directors scrambling to get ID or face $13,000 fine in bid to stop 'dummy directors'
The deal follows raisings earlier in the week by Commonwealth Bank and Westpac, and brings the total combined debt issuance so far this year to $8.6 billion as the big banks step up their bond sales to repay about $200 billion in cheap pandemic loans provided by the central bank. . - AFR - 05.01.2023
Company directors scrambling to get ID or face $13,000 fine in bid to stop 'dummy directors'
Company directors scrambling to get ID or face $13,000 fine in bid to stop 'dummy directors'
Company directors scrambling to get ID or face $13,000 fine in bid to stop 'dummy directors'
More than 1 million people could become ineligible to run companies by the end of this month — and face fines of up to $13,000 — as the Australian Taxation Office introduces a new hurdle to crack down on "dummy directors" and the practice of "phoenixing". - ABC 4.11.2022
Rising rates, new legal duty on mortgage brokers to increase churn
Company directors scrambling to get ID or face $13,000 fine in bid to stop 'dummy directors'
Sod turned for the construction of the first substation at Western Sydney’s Aerotropolis
Rising interest rates will force borrowers to engage more closely with mortgage brokers who will be more likely to send them to alternative lenders given the new “best interest” duty - AFR 26.08.2022
Sod turned for the construction of the first substation at Western Sydney’s Aerotropolis
Sod turned for the construction of the first substation at Western Sydney’s Aerotropolis
Sod turned for the construction of the first substation at Western Sydney’s Aerotropolis
The $39 million project will power warehouses, factories and offices for 10,000 workers in the Bradfield city centre. The NSW Government hopes the project will create around 200,000 jobs. - 7News 16.08.2022
Wages grow at fastest rate in eight years - but real wages slightly behind after CPI
Sod turned for the construction of the first substation at Western Sydney’s Aerotropolis
Wages grow at fastest rate in eight years - but real wages slightly behind after CPI
Salaries in manufacturing, construction and real estate grew more than 3 per cent last financial year, but overall wages growth of just 2.6 per cent was softer than expected. AFR 17.08.2022
Rising costs and ongoing supply chain issues stimulate adaptation and innovation
Sod turned for the construction of the first substation at Western Sydney’s Aerotropolis
Wages grow at fastest rate in eight years - but real wages slightly behind after CPI
New research for CommBank has revealed a robust, positive outlook among Australian businesses, more than two years after the onset of COVID-19. CBA 12.08.2022
NAB posts $1.8b profit, sees customers ‘well-placed’ to handle tricky economy
‘Put it in context’: REA boss Owen Wilson says house price falls not as bad as they seem
‘Put it in context’: REA boss Owen Wilson says house price falls not as bad as they seem
NAB says it believes most of its customers are in good shape to manage inflation and rising interest rates, with more than two thirds of home loan repayments ahead of schedule. SMH 09.08.2022
‘Put it in context’: REA boss Owen Wilson says house price falls not as bad as they seem
‘Put it in context’: REA boss Owen Wilson says house price falls not as bad as they seem
‘Put it in context’: REA boss Owen Wilson says house price falls not as bad as they seem
Listing levels for July were at their highest since 2016, and price declines were coming off an abnormally strong property market, the head of the real estate portal says. SMH 09.08.2022
Why soaring rates are not scaring off property investors
‘Put it in context’: REA boss Owen Wilson says house price falls not as bad as they seem
Why soaring rates are not scaring off property investors
Rising rents and record-low vacancy rates are attracting buyers seeking higher yields and long-term capital growth. AFR 05.08.2022
Major banks soften the blow of mortgage rate rises
Industrial property booming despite rising debt costs: Centuria
Why soaring rates are not scaring off property investors
CBA, ANZ, Westpac and NAB all lifted rates on popular savings accounts by a half-percentage point and also passed through in full the RBA rise to variable rate mortgages. AFR 04.08.2022
Industrial property booming despite rising debt costs: Centuria
Industrial property booming despite rising debt costs: Centuria
Industrial property booming despite rising debt costs: Centuria
Centuria Industrial REIT fund manager Jesse Curtis says the fundamentals of the industrial property market remain “extremely strong”. AFR 04.08.2022
70% of mortgages go through a broker: MFAA
Industrial property booming despite rising debt costs: Centuria
Industrial property booming despite rising debt costs: Centuria
Broker market share has hit new heights, with 70 per cent of all new residential home loans written by mortgage brokers. The Advisor 31.05.2022