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Wave of rate hikes about to hit brokers

April 29, 2017

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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Interest rate update!

April 4, 2017

The RBA has opted to leave the official cash rate on hold at 1.5%. At its board meeting today the Reserve Bank of Australia decided to leave the official cash rate unchanged. As widely predicted, the RBA has kept rates on hold as it continues to work in unison with the regulators to stem concerns around […]

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APRA on ‘high alert’ as investor lending soars

April 2, 2017

APRA on ‘high alert’ as investor lending soars Housing finance commitments posted further growth in January, driven by the investor segment. While the value of owner-occupied housing finance fell by 0.2 per cent over the month, investor lending was up 4.2 per cent to be 27.5 per cent higher over the year. ANZ Research noted […]

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Switching Banks

March 26, 2017

Lenders and other stakeholders have come together at an inaugural roundtable to discuss new initiatives aimed at improving customer experiences of changing banks. Last Thursday’s inaugural Australian Bankers’ Association Switching Roundtable brought together banks, consumer groups, regulators and card schemes to better understand customer views about switching banks. ABA chief economist and executive director – […]

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