Monthly Archives: May 2016

Quarter of first home buyers had family help – Australian Broker

As read in Australian Broker A growing number of Australian families have helped a family member buy their first home by providing financial assistance, according to new research by industry super fund-owned bank ME. According to a survey of 2,000 mortgage holders by ME, 20% of Australian families have provided financial assistance towards a family […]

ASIC penalises Westpac financier for NCCP breach – Mortgage Business

As read in Mortgage Business ASIC has found a Westpac-owned credit provider guilty of breaching important consumer protection provisions in the National Consumer Credit Protection Act (NCCP). Capital Finance Australia, a subsidiary ofWestpac, has paid penalties totalling $493,000 after ASIC found that between March and June 2015, the car finance provider failed on 55 occasions to provide customers with […]

Sea or tree change in vogue again? – Australian Broker

As read in the Australian Broker Recently released figures from the Australian Bureau of Statistics (ABS) suggest that the sea or tree change phenomenon may be returning to popularity among Australians. The new migration data appears to show a resurgence in people relocating to coastal towns and lifestyle markets, where some of the biggest increases […]

APRA, Basel Committee: Another GFC is coming – Australian Broker

As read in the Australian Broker Both the global banking regulator and Australia’s banking regulator have warned another financial crisis is imminent. Speaking at the Australian Financial Review (AFR) Banking and Wealth Summit in Sydney yesterday, Bill Coen, the secretary-general of the Basel Committee on Banking Supervision, the global banking regulator, said another global financial crisis is […]