Month: February 2019

Private, Commercial, Development, Business and Property Finance

How Commonwealth Bank got itself into such a mess

The banking royal commission has been full of horror stories. To some extent this is not surprising. Banks undertake millions of transactions per year so it is hardly surprising that there are some shockers in the mix. The Catholic Church and the Returned Services League have provided similar front page news stories over the last…
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Key retail banking product happenings from the past month

Both variable and fixed Home Loan rates are trending down as providers continue to chase owner occupier borrowers. Investor rates have also been easing, even before last week’s announcement by APRA that the investor loan growth limit would be lifted for those lenders that meet its prudential requirements. American Express now has a Credit Card…
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Statement by Philip Lowe, Governor: Monetary Policy Decision

Date1 May 2018 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with the authorities…
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The terms and conditions of a loan may be just as important to certain borrowers as the interest rate.

When looking for home loan that offers the best interest rate, many people will enlist the services of a mortgage broker. However, obtaining a loan with a better interest rate is only one side of the story. The terms and conditions that go with the loan can also be very important. A mortgage broker such…
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