Posts tagged "mortgage"

The Reserve Bank of Australia hiked the cash rate target 0.5% on Tuesday, matching market expectations as the central bank battles inflation.

The RBA, in a nod to homeowners concerned about continual rate hikes, said it expected inflation to climb just a bit more before declining back towards its target next year.

The COVID-19 pandemic hasn't slowed down the Australian fintech sector. Here are 10 Australian fintechs that have raised millions since the start of March. 

Alternative lending startup Funding.com.au has secured $5 million from Equity Venture Partners for its peer-to-peer mortgage marketplace.

Prominent Australian chef and business owner Julie Goodwin had to find a way to pay her employees during April in order to qualify for the JobKeeper wage subsidies.

Treasurer Frydenberg has asked the ACCC to do another inquiry into the banks' pricing practices, and there are four questions it ought to be asking.

The ACCC has been directed to launch a mortgage pricing inquiry that will examine barriers for consumers looking to ditch the big banks.

Changing the way people get paid is disruptive, and might cost mortgage brokers their business if what they are charging is made apparent up front.

Mortgage brokers say they are encouraged by a coalition backflip on trail commissions and are urging Labor to follow suit.

While there are always bad apples in every industry, removing commissions would be a blunt instrument with plenty of downsides.

NAB has set up a mental health hotline for stressed brokers, but not everyone is a fan, with one broker rubbishing the move.

Mortgage brokers have turned to political advocacy in an attempt to pressure politicians to temper their view on royal commission recommendations.