RBA reveals reason behind November rate hike

By: ameer@trustedteam.com

The November monetary policy meeting saw the Reserve Bank of Australia (RBA) increase the official cash rate by 0.25 bps to 4.35 per cent, breaking the four consecutive cash...

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Major bank scraps deputy CEO position 

By: ameer@trustedteam.com

The major bank has revealed it will enter 2024 with a reshaped executive leadership team as its deputy chief executive position has been made redundant. ...

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Home Value Index reaches record high

By: ameer@trustedteam.com

CoreLogic’s national Home Value Index (HVI) has revealed that the national dwelling value as of 22 November 2023 reached a record high up 7.7 per cent over the year,...

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Investigations into alleged mortgage Ponzi scheme continue

By: ameer@trustedteam.com

Investigations are continuing into the alleged misappropriation of investment funds from a mortgage and loan business, with findings not expected until next year. ...

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Home loans the top reason for hardship 

By: ameer@trustedteam.com

Home loans are the primary product that individuals are currently requesting hardship assistance with, leading to several organisations calling on lenders to improve their response to hardship requests and...

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Westpac subsidiaries added to government guarantee scheme

By: ameer@trustedteam.com

St.George, Bank of Melbourne and BankSA have officially joined as participating lenders authorised to offer the Australian Government’s Home Guarantee Scheme (HGS). The Westpac subsidiaries have joined the panel four...

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Majority of older Australians think they will outlive their savings

By: ameer@trustedteam.com

Of those older Australians with savings and investments, 53 per cent believe they will outlive them. Moreover, in 2018 and 2019, around 50 per cent of older Australians who...

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Australian mutuals outperform broader banking sector 

By: ameer@trustedteam.com

Australian mutual banks, building societies, and credit unions (mutuals) have outperformed the broader banking industry when it comes to total gross loan growth in 2023, according to KPMG’s Mutuals...

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More rate rises on the horizon? 

By: ameer@trustedteam.com

Speaking at the Australian Business Economists annual dinner, yesterday (22 November), Reserve Bank of Australia (RBA) governor Michele Bullock confirmed that the inflation challenge is “increasingly homegrown”. Ms Bullock’s speech...

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Paragon Bank cuts fixed rate BTL by up to 40bps

By: ameer@trustedteam.com

Paragon Bank has reduced rates on thirteen of its fixed-rate buy-to-let mortgages by up to 40 basis points (bps). ...

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