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Banks accused of ‘regulatory manipulation’ with Sedgwick review! Stephen Sedgwick is not qualified to make any recommendations about broker remuneration, argues the head of an industry association, who has slammed the review for not consulting the third-party channel. Speaking to The Adviser, the FBAA’s Peter White said the release of the ABA-funded Sedgwick review is […]
WA’s first home buyers grant will be cut back to $10,000 after the State Government announced it would end a $5000 boost at the end of next month. Treasurer Ben Wyatt said the $15,000 grant, announced by the former government late last year and intended to be in place for all of 2017, had not […]
Federal Budget 2017: Winners and losers FUNDING for the NDIS has been guaranteed in a win for disability services, while big banks are the big losers in the Budget. WINNERS * Disabled people Funding guaranteed for the National Disability Insurance Scheme, which is expected to cost $21 billion a year once it is fully implemented […]
Rentberry caused a stir when it launched in the US last year, with criticism that the app would drive prices up further, especially in expensive markets such as San Francisco. A controversial Silicon Valley start-up that lets tenants bid against each other for rental properties will launch in Australia this year, amid fears it will jack Aussie rents up higher. Alex Lubinsky, co-founder of the San […]
A wave of rate hikes about to hit brokers. Funding costs and regulatory pressure will drive rates upwards and cut discounts, regardless of today’s RBA call 85% of brokers think there will be further out-of-cycle rate increases, regardless of today’s cash rate decision by the RBA. This was the finding of broker listing site Hashching, […]
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