The double whammy hit of higher interest rates and the Federal Government’s property tax shake-up have brought mortgage applications to a three-year low.
Cheyanne Enciso
Hundreds of thousands of Australians will get a slice of a $249m settlement following a class action against Commonwealth Bank and two fund managers.
Blair Jackson
Australians are promised $1.6 billion in surcharge savings but rewards cardholders with the big four bank face higher rates, fewer perks and weaker insurance. Here’s everything you’re about to lose ...
Ryan Johnson
Fallout from scandal-plagued KPMG is growing after one Aussie bank opted to dump the consultancy firm as its preferred auditor.
Emma Kirk
Australia’s inflation battle is moving in the right direction – but economists are warning mortgage holders should still brace for the worst news.
Cameron Micallef
Documents containing explosive allegations of secret commissions, tax avoidance and misuse of client funds at KPMG have been tabled in parliament.
National Australia Bank chief executive Andrew Irvine has urged the Federal Government work with business and move faster to lift productivity by embracing AI — or risk entrenching low growth.
More than seven in every $10 exposed to scams at Bankwest involved customers aged over 55.
From takeaway spending to 20 per cent deposits and home equity, Perth mortgage broker Bianca Patterson explains the home loan rules borrowers still get wrong.
The Perth-based mortgage bellwether behind one in nine Australian home loans says borrowers pulled back after the Budget, but upgraders are starting to venture back in.
Australia’s financial crimes agency has identified co-ordinated mortgage fraud that could reach into the hundreds of millions of dollars following a review of the country’s major banks.
Richard Henderson
Australians struggling to put together a cash deposit for a bank loan are turning to this novel method to secure a mortgage.
Australia’s largest retail bank has unveiled a new loyalty program tie-up with Virgin in an apparent slight to Qantas, and also expanded points accumulation beyond credit cards.
Rebecca Le May
Westpac boss Anthony Miller is confident Australia’s property market will withstand interest rate hikes and a tax shake-up but says the country must build more homes to improve affordability.
Matt Mckenzie & Ryan Johnson
Australia’s prudential regulator has tightened its grip on an Aussie bank, imposing licence conditions over failures, including money laundering issues.
WA businesses are still borrowing billions to expand despite higher interest rates, with Commonwealth Bank declaring it the best-performing state in its business lending division over the financial year.
NAB’s troubled mortgages jumped $150 million in three months as higher rates and Labor’s tax changes helped drive a 15 per cent slump in home-loan demand.
All four of Australia’s big banks have now recorded the same trend in home loan applications in the past several months.
Westpac chief executive Anthony Miller has warned Australia’s future prosperity relies on skilled migration continuing but has acknowledged community concerns over ‘unfettered’ and ‘unrestrained’ arrivals.
Andrew Greene
Q+A: What is a super death tax? It’s what happens when you children collect what’s left of your superannuation when you die. But there’s a clever way to prevent your hard-earned savings going to the taxman.
Nick Bruining
The philosophy of being #justenoughbank has turned out to be not enough bank full stop for customers of WA’s financial stalwart Bankwest. Plus: Telstra’s orbital strike on Elon.
A surprise timeline for economic relief has been issued despite everyday Aussies feeling the “squeeze” of the cost-of-living crisis.
Amy Jackson
Consulting giant KPMG is facing a parliamentary grilling over a whistleblower scandal alleging partners used confidential client data to win lucrative contracts.
The inquiry is probing shocking allegations that KPMG partners misused client secrets, crossed conflict lines and passed confidential information around the firm to help win lucrative work.
