The Government is instead looking to give more power to an ombudsman to look after complaints in the sector.
News
NAB and Westpac lift mortgage rates for investors
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06 December 2016
Two of Australia’s big four banks – Westpac and NAB – have lifted their home loan rates for investors as we head towards Christmas.
The RBA will meet for the final time this year tomorrow and look set to keep rates at 1.5%
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05 December 2016
Most economists expect rates to remain on hold tomorrow but are divided on where things will head next year.
Melbourne's house prices have fallen in November
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02 December 2016
Unlike the other cities around the country, Melbourne house prices fell 1.3 per cent for the month of November, with apartment prices falling even further, dropping by 3.2 per cent.
Australia needs to start lifting interest rates by the end of 2017: OECD
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30 November 2016
Australian borrowers should expect interest rates to start going up by the end of next year according to the Organisation for Economic Cooperation and Development (OECD).
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