Glen Stevens “RBA is currently happy with the state of Australias economy...”
PRESSURE is mounting on the Reserve Bank to slash interest rates when its board meets later today, after major industry groups joined the chorus for the cut to be as wide as half of 1 per cent.
The housing sector last night pleaded for a cut after woeful new home figures showed sales had collapsed to [...]
The number of Australian non-bank lenders is slowly shrinking according to the MFAA. There is a real danger that non-bank lending sector will disappear when the exit fee ban becomes law later this year.
Figures published by the ABS this week indicate that while the big banks are growing the smaller lenders are losing ground., [...]
Home Loan Arrears that back prime residential mortgage-backed securities have climbed to their highest level since April 2009 as more evidence emerged of Australians battling financial stress. Over 5000 Australians have approached their superannuation fund to access super funds due to ‘financial hardship’. These borrowers are at risk of having their home repossessed due to [...]
Mr Smith, the chief of the country’s third biggest lender, also said that it would be hard for his bank to increase rates independently of the Reserve Bank of Australia (RBA) at the moment. In a frank discussion, Mr Smith said that Australia needed wide-ranging economic reform to make the most of the resources boom.
He [...]
RBA: 50 basis point cut
Non banks can regain market share over the coming year
Guide Dogs Australia enters the insurance market,
Income protection and its Benefits
RBA left rates on hold
Government plans to fund the National Disability Insurance Scheme
Australian life insurers are competitive on life insurance market
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