Party calls for gouging tax on banks
A new political party has proposed a "gouging tax" to take on bank profits, saying it will serve as a "speed camera" to keep banks from hurting borrowers
Fixed rates hit bottom as major hikes
Fixed interest rates look set to rise for the first time this year, says industry spokesperson
Brokers heading back to low-doc
A mortgage manager has slashed rates following what it says is a resurgence in low-doc lending
Rate cuts boosting housing market, but further reductions not off the cards, says RBA
RBA governor, Philip Lowe, says interest rate cuts have had a positive effect on the housing market, but movements need to be 'closely monitored'
The time to abolish stamp duties is now, says leading economist
A leading economist says stamp duties are outdated and unfair, but says reform can't happen overnight
Small business owners should receive tax concessions for heavy burdens of compliance
A proposal put forward by the IPA says small business owners, like many broking firms, should received tax concessions to counter 'the heavy burdens of compliance demands'