Clarification by the ATO relating to SMSF trustees has been welcomed by those in the industry.
Non-bank lenders have more than doubled the growth rate of banks, but industry bodies say competition between the big four is not strong enough.
RESIMAC has hit back at reports claiming the company’s focus is on owning distribution channels, stating the non-bank lender will continue to expand its retail broker channel.
The percentage of loans written by the major banks fell slightly last quarter, according to the latest APRA statistics.
As calls to abolish stamp duty grow stronger in the industry, economists are pushing for a shift to land taxes to cover the shortfall
The RBA has kept the official cash rate on hold, but highlighted ongoing concerns surrounding the high Australian dollar.