January 21, 2016
Westpac to lift home loan rate for owners and investors
Westpac Bank has signalled it will lift its home loan rate to beef up capital reserves to guard against future financial crises.
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January 21, 2016
Unemployment rate remains steady for September
Australia’s unemployment rate has remained steady for the last month at 6.2 per cent.
While the unemployment rate remained unchanged, the actual number of jobs available fell by 5,100.
January 21, 2016
Government backs APRA screw tightening
The Federal Government has given the banking regulator APRA until the end of the year to ensure Australian banks are holding enough capital to weather financial storms.
January 21, 2016
Melbourne to take Sydney’s place as Australia’s property king in 2016
New research predicts Melbourne to overtake Sydney as the best performing capital city market in 2016.
January 21, 2016
Complaints against mortgage brokers on the decline
It seems customers are increasingly happy with mortgage and finance brokers.
The latest figures from the Credit and Investment Ombudsman (CIO) show consumer complaints against mortgage and finance brokers have fallen over the 2015 financial year.
January 21, 2016
Big four banks’ mortgage rate hike fuels RBA discussion on future rate cuts
Now that the big four banks have all lifted their mortgage rates after Westpac made the first move, it could put the onus on the RBA to again cut their official rate on Melbourne Cup day.
January 21, 2016
RBA’s ‘shadow board’ says interest rates are appropriate
The Reserve Bank has no need to cut interest rates tomorrow according to the Australian National University.
January 21, 2016
Rates kept on hold on Cup day but low inflation keeps the door open for more cuts
The Reserve Bank has resisted the temptation to cut interest rates on Melbourne Cup day but has left the door open for more cuts in the future.
January 21, 2016
Banks have understated investor loans says RBA deputy governor
An RBA official says Australian banks have understated the value of investor loans and it justifies the decision from regulators to crack down on investor loans.
January 21, 2016
Lending to property investors has fallen for September
The demand for finance from housing investors has started to slide, most likely off the back of tighter lending restrictions and recent interest rate hikes from banks.