It came as little surprise the Reserve Bank of Australia (RBA) announced the official cash rate would remain unchanged at the record low of 1.5%. The decision (which was widely expected by financial analysts) comes in the wake of turbulent…
As you would have probably heard, APRA, the Australian banking regulator, has given notice to all lenders that they want to rein in the proportion of “risky” interest only loans. On the 31st of March APRA introduced a new cap…
The headline act of the 2017 budget, announced last night, was a new bank levy that aims to raise $6.2 billion over the next 4 years, with many already calling this a coordinated strike against the Big 4 and Macquarie.…