The Reserve Bank has kept official interest rates at 1.5 per cent for the 18th consecutive time, and that’s a record.
News
Should banks or consumers pay mortgage brokers for their service?
Read more
28 March 2018
With the banking Royal Commission in full swing one of the big questions being asked in the mortgage industry right now is should consumers pay service fees to brokers?
Melbourne property market shows signs of strength in pre-Easter auctions
Read more
27 March 2018
It was a confidence-boosting weekend for Melbourne's property market after CoreLogic figures recorded an auction clearance rate of 67 per cent from a whopping 2078 auctions held.
The US Federal Reserve has hiked its interest rate above Australia's for the first time in 18 years
Read more
23 March 2018
More hikes are expected to the US Fed’s target funds rate later this year and again in 2019 while the Australian rate stays relatively steady.
Loan serviceability standards could be the next focus for banking regulators
Read more
21 March 2018
UBS says the Australian Prudential Regulation Authority (APRA) has been hinting at moves on serviceability and the banking royal commission has had its early focus on responsible lending and it's building pressure on regulators to act.