A credit ratings agency has downgraded ratings for 23 financial institutions across Australia
Westpac becomes the first of the five major banks to reveal how much the bank levy will set it back
The proposed levy would be linked to water rates on investment properties with an annual income that exceeds a specific threshold
The bank has introduced a significant three-year discount for owner occupiers taking out a principal and interest loan
First home buyers have provided the first green shoots of housing market recovery, but it will be investors that carry the torch in the coming year, predicts BIS Shrapnel.
Non-bank lenders and second tier banks are being given a leg up by Mortgage Choice with the franchise group urging its network to consider alternatives to the major banks.
The fall-out from the federal budget and the RBA's decision to leave rates on hold has seen consumer confidence fall in May.
Pointing once again to the strength of the local banking sector, the governor of the RBA, Glenn Stevens, said Australia was "well placed" for a recovery from the current turmoil.
Following the introduction of its new mandatory accreditation requirements, Westpac has entered into discussions to set a broker "re-accreditation fee".
As part of the small business community, brokers have been offered some incentives in the federal budget.