Yearly Archives: 2016

Government floats $100 note removal – The Courier Mail

As read in the Courier – SAY goodbye to the $100 note. Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”. Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a […]

OECD flags housing risks, tips rates to rise in 2017- The Adviser

As read in The Adviser – Australia’s 25-year recession-free stretch could come to an end if low rates continue to accelerate house prices and subsequently weaken demand and construction activity, according to the OECD. In an economic forecast published this week, the Organisation for Economic Co-operation and Development says the cash rate should begin rising […]

Home owners ‘going to great lengths’ to pay off mortgages – The Adviser

As read in The Adviser Nine in 10 Australian borrowers are said to be going “above and beyond” to fast-track the repayment of their home loans, according to new research. A national survey conducted by comparison website questioned 2,005 homeowners on their mortgage repayments. According to the results, 89 per cent said they had tried to […]

Bank branches and call centres to go by 2030- MortgageBusiness Online

As read in MortgageBusiness Online – Professional services giant KPMG believes Australia’s major banks will be “invisible” in less than 15 years, by which time customer service call centres and branch networks will be non-existent. KPMG partner and head of banking Ian Pollari said that by 2030 technology will drive an even deeper fundamental shift […]

Donald Trump elected President of the US. Implications for investors and Australia – As Read in AMPCapital online

Key points Donald Trump’s election as President of the United States risks ushering in a period of policy uncertainty which could cause further share market weakness in the short term. Australia and Asia generally are particularly exposed to this given the high trade exposure regionally. After a seemingly long and difficult campaign Donald Trump has […]

PLAN to distribute Virgin Money mortgages- The Adviser

As read in The Adviser -PLAN Australia has revealed it will partner with Virgin Money to offer its members a new home loan product. PLAN Australia CEO Phil Quin-Conroy said the group is excited to be partnering with Virgin Money and to bring the opportunity of a new home loan product to its members and their customers. “We’re […]

‘Unprecedented’ mortgage discounting to come to an end – Australian Broker Online

As read in the Aust Broker Online -JP Morgan has warned that widespread price discounting in the mortgage sector could soon end as the major banks face the task of preserving mortgage profitability. The JP Morgan Australian Mortgage Industry Report – Volume 23, released yesterday, explored the sustainability of the major lenders’ current mortgage strategies and their […]