IBN News Updates & Blog

The nation's construction sector is set to face the biggest crisis since the Global Financial Crisis (GFC), according to economic forecaster BIS Oxford Economics, but some experts are saying this all a load of rubbish. Australia's building industry, which has been largely fuelled up to this...

We know that project costs can mount up quickly, and the last thing you want is to outlay MORE cash before you get the right finance deal to get your development up and running. So, until the end of September, we'll do your legwork, and find you...

The Commonwealth Bank of Australia has agreed to pay $15 million to the benefit of the community and $5 million in legal costs for “ attempting to engage in unconscionable conduct” in relation to the setting of the bank bill swap rate. ASIC commenced legal proceedings...

A big four bank has announced that, by the end of this month, it will no longer offer self-managed super fund loans for new consumer or business lending. Westpac has announced that “in order to streamline [its] product offering”, it will remove its SMSF Investment Property...

RBA’s Head of Economic Analysis Department, Alexandra Heath, spoke at the Urban Development Institute of Australia, Wollongong and discussed housing, including some data on the Illawarra region.   Dwelling investment has gone from making a positive contribution to growth two years ago to being roughly flat over...

UK financial entrepreneur Anthony Thomson is launching a new digital bank in Australia Payments system Cuscal is funding an app-based neobank launching in Australia in 2019. It plans to be a standalone APRA-approved ADI with ambitions to steal market share from the Big Four. The experienced team behind...

The Australian Banking Association says Australia’s four major banks have reached an agreement to protect vulnerable customers from being unfairly treated in the new mandatory Comprehensive Credit Regime. The four major banks, who will be required to report the credit history of 50% of customers by...