News

RBA's August minutes forecast long period of low interest rates
22 August 2019

The latest minutes from the RBA’s August meeting show the central bank expects a long period of record-low interest rates while the economy continues to weaken and the global economy suffers through trade wars.

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Melbourne property market is gaining momentum
21 August 2019

Dwellings that have been hanging around on the market for months have started to sell indicating the downturn has finally ended.

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Westpac announces improvements to loan policies
16 August 2019

In the wake of their big legal win against ASIC this week, Westpac has announced its plan to improve its loan policies.

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APRA has closed the deal on lending serviceability floor changes
15 August 2019

The nation's financial regulator has moved forward with its plans to scrap the 7 per cent floor for mortgage serviceability assessments.

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The Reserve Bank has decided against a third rate cut in a row
09 August 2019

The Reserve Bank has decided against cutting rates for the third month in a row and has left them at their record-low of 1 per cent.

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