Breaking news

  • Westpac, CBA follow RBA move by Adam Smith

    Westpac is the first major bank to announce rate cuts in line with yesterday's RBA cash rate move

  • RBA cut will help struggling families by

    The mortgage industry has praised the RBA rate cut, saying it will provide a boost to the economy and comfort to stressed homeowners

  • Third major announces record profits by Adam Smith

    Westpac has become the third major to announce record full-year profits, with the bank's cash earnings rising 7% to $6.3bn

  • House prices, sales down in September by Adam Smith

    House prices have fallen while new home sales have seen their weakest result in more than 10 years

  • Price war threatens commission levels by Ben Abbott

    An ongoing lender price war is putting pressure on bank margins, with the risk banks could see broker commissions as a cost that could be further cut, according to Advantedge's Steve Weston

  • ACLs to prove a liability by Ben Abbott

    ACLs could be seen as a liability for buyers of broker businesses in future, and as a result are unlikely to add any value to a business, according to an industry expert