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2 days ago | 
brokerdaily.au | Adrian Suljanovic
Due for release next week (30 April), the March quarter Consumer Price Index (CPI) figures are forecast to drop further into the Reserve Bank of Australia’s (RBA) 2–3 per cent target band. Economists from the major banks – the Commonwealth Bank of Australia (CBA), Westpac, and NAB – have all pencilled in a rise of 0.7 per cent to 0.8 per cent in headline CPI for 1Q25, which would bring the annual inflation rate to 2.2/2.3 per cent, below the RBA’s “midpoint” range of 2.5 per cent.
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2 days ago | 
brokerdaily.au | Adrian Suljanovic
The latest data on Building Activity released by the Australian Bureau of Statistics (ABS) has revealed the total number of dwelling units commencing construction fell by 4.4 per cent to 41,911 dwellings during the December quarter 2024 (seasonally adjusted).
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3 days ago | 
brokerdaily.au | Adrian Suljanovic
The latest AFG Index report released by Australian Finance Group (AFG) has shown a fall in market share held by the big four banks (for total lodgements) during the March quarter 2025, down from 61 per cent to 59.9 per cent, while non-major lenders increased market share to 40.1 per cent.
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1 week ago | 
brokerdaily.au | Adrian Suljanovic
The latest Labour Force figures released by the Australian Bureau of Statistics (ABS) has shown the seasonally adjusted unemployment rate increased to 4.1 per cent in March, slightly above the previous month’s figure of 4 per cent. Australia’s unemployment rate has sat in the narrow range of 3.9 per cent to 4.1 per cent over the last 12 months.
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1 week ago | 
brokerdaily.au | Adrian Suljanovic
Bluestone Home Loans is taking its refreshed brand and broker-first philosophy on the road this May, with its 2025 Broker Roadshow set to visit seven cities across Australia. Following a standout brand refresh and a strong start to the year, the lender is inviting mortgage brokers nationwide to attend a series of high-energy events designed to inform, inspire, and celebrate the impact of non-bank lending.
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1 week ago | 
brokerdaily.au | Adrian Suljanovic
From 10 June 2025, buy now, pay later (BNPL) products will be regulated under the National Consumer Credit Protection Act, aligning them with traditional credit products for the first time. The changes will introduce new requirements for affordability checks, responsible lending practices, and stronger consumer protections. However, questions remain over how BNPL use will affect borrowers’ credit scores and access to finance.
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1 week ago | 
brokerdaily.au | Adrian Suljanovic
The Federal Court has found that business lender Green County Pty Ltd and business loan introducer Max Funding Pty Ltd engaged in unlicensed credit activity in connection with loans made by Green County to two consumers. In a ruling that highlighted the importance of consumer protections, the court also determined that Green County breached key consumer protection provisions under the National Credit Code.
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1 week ago | 
brokerdaily.au | Adrian Suljanovic
The partnership between Mortgage Choice and Athena Home Loans has reached a major milestone, with the Mortgage Choice Freedom suite of white label products recording $2 billion in settlements in under two years. Launched in June 2023, the Mortgage Choice Freedom product suite was designed to challenge traditional lending practices with three key promises:
Existing customers will never pay a higher rate than new customers on a like-for-like variable loan.
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1 week ago | 
brokerdaily.au | Adrian Suljanovic
The minutes from the April monetary policy meeting showed the Reserve Bank of Australia (RBA) flagging heightened uncertainty both domestically and globally, with future rate decisions to depend on incoming data. The board held the cash rate at 4.1 per cent during this meeting. According to the minutes, RBA board members said that while inflation is tracking downward, it remains above the target range.
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1 week ago | 
brokerdaily.au | Adrian Suljanovic
AMP Bank has announced a new partnership with MyGuarantee to offer fully digital bank guarantees through the MyGuarantee digital platform, set to be made available in May this year. According to AMP, bank guarantees will be delivered “efficiently, transparently and securely” and will replace traditional paper guarantees that are prone to loss or fraud and slow to obtain.