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| Gold Reaches Unprecedented Heights Amid Global Instability 08 Oct 2025: Paige Estritori In an unprecedented turn of events, gold prices have surged to nearly $US4000 per ounce, positioning the precious metal as Australia’s second most valuable export. This dramatic price escalation is driven by a complex interplay of factors including cuts in US interest rates and global geopolitical tensions, leading investors to seek the security of stable, tangibly-valued assets like gold. - read more |
| Australian Court Upholds Ruling on Misleading Harvey Norman Ads 08 Oct 2025: Paige Estritori The Full Court of the Federal Court of Australia has upheld a prior decision against Latitude Financial and Harvey Norman, maintaining that certain advertisements were misleading. These ads, which ran from January 2020 to August 2021, promoted ‘no deposit’ and ‘interest-free’ payment options but failed to disclose the necessity of acquiring a Latitude GO Mastercard to avail the offer. - read more |
| Regulatory Pressure on Investment Governance Following Fund Collapses 08 Oct 2025: Paige Estritori The Australian government has directed the Australian Securities and Investments Commission (ASIC) to reassess current financial resource stipulations for managed investment scheme (MIS) operators. Concurrently, the Australian Prudential Regulation Authority (APRA) has advised platform trustees to enhance governance standards. These actions stem from the collapse of the Shield and First Guardian master funds, which led to significant investor losses. - read more |
| ASIC Initiates Comprehensive Review of Motor Vehicle Finance Practices 08 Oct 2025: Paige Estritori The Australian Securities and Investments Commission (ASIC) has commenced a thorough review of the motor vehicle finance sector, aiming to bolster consumer protections and ensure industry-wide compliance. This initiative is particularly focused on the experiences of borrowers in regional and remote areas, including First Nations communities. - read more |
| Macquarie Transfers $1.5 Billion Car Loan Portfolio to Allied Credit 08 Oct 2025: Paige Estritori In a significant development within the Australian financial sector, Macquarie Group's Banking and Financial Services division has agreed to sell a substantial portion of its car loan portfolio, valued at $1.5 billion, to Allied Credit. This transaction involves over 50,000 car loans and is expected to be finalised by the fourth quarter of 2025. - read more |
| Bank Australia Ends Financing for New Petrol, Diesel, and Hybrid Vehicles 08 Oct 2025: Paige Estritori In a bold move towards environmental sustainability, Bank Australia has ceased offering loans for new petrol, diesel, and hybrid vehicles as of February 2025. This policy change is part of the bank's commitment to achieving net-zero carbon emissions by 2035. - read more |
| Crusader Caravans Triumphs as 2025 Manufacturer of the Year 08 Oct 2025: Paige Estritori Crusader Caravans has once again demonstrated its leadership in the Australian caravan industry by securing the Manufacturer of the Year award for 2025, presented by Caravan Industry Victoria (CIV). This marks the fourth time the company has received this prestigious accolade, underscoring its unwavering commitment to excellence in caravan and RV manufacturing. - read more |
| NRMA's Review Crew: Your Ticket to Authentic Australian Adventures 08 Oct 2025: Paige Estritori The NRMA has unveiled an exciting initiative aimed at enriching the travel experiences of Australians: the My NRMA Rewards Review Crew. This program invites members to participate in unique journeys across the country and share their authentic experiences, providing valuable insights for fellow travelers. - read more |
| Crusader Caravans' Buyer’s Guide: A Must-Read for Prospective Owners 08 Oct 2025: Paige Estritori Crusader Caravans has observed a remarkable surge in interest for their comprehensive Buyer’s Guide and Checklist, with downloads doubling over the recent holiday period. This trend underscores the growing demand among Australians for reliable information to guide their caravan purchasing decisions. - read more |
| Australia’s Housing Market: Navigating the First Home Guarantee Scheme 07 Oct 2025: Paige Estritori The Albanese government's new First Home Guarantee scheme, effective from Wednesday, aims to assist first-time home buyers by enabling them to purchase property with just a 5% deposit. This means buyers won’t need to pay lenders’ mortgage insurance, as taxpayers will underwrite 15% of the mortgage. This initiative has generated a lot of interest among potential buyers. - read more |
| Australian Home Prices Reach New Heights Following Interest Rate Reductions 07 Oct 2025: Paige Estritori In September 2025, Australia's housing market experienced a significant upswing, with national median home prices increasing by 0.8% to a record A$857,280. This marks the fastest monthly growth in a year, as reported by property consultant Cotality. The quarterly growth rate also accelerated to 2.2%, up from 1.5% in the previous quarter. - read more |
| ANZ Bank Faces Record A$240 Million Fine for Compliance Failures 07 Oct 2025: Paige Estritori In September 2025, ANZ, one of Australia's major banks, agreed to pay a record A$240 million fine following a series of serious regulatory breaches. The Australian Securities and Investments Commission (ASIC) cited misconduct including misleading the government during a A$14 billion bond deal, neglecting to act on customer hardship notices, and failing to refund fees to deceased clients. - read more |
| Surge in Home Loan Refinancing as Borrowers Capitalise on Lower Interest Rates 07 Oct 2025: Paige Estritori The Australian Bureau of Statistics (ABS) reported a notable increase in home loan refinancing during the March quarter of 2025, with 65,030 loans refinanced between lenders—a 5.1% rise compared to the preceding quarter. This surge is largely driven by shifts in the cash rate, which influence borrowers' negotiating leverage with lenders. - read more |
| Australia Partners with Japan's Mitsubishi for New Naval Frigates 07 Oct 2025: Paige Estritori In a significant move to bolster its naval capabilities, Australia has awarded a AU$10 billion (US$6.5 billion) contract to Japan's Mitsubishi Heavy Industries for the construction of 11 new Mogami-class frigates. This decision marks the largest defense industry agreement between Japan and Australia to date and represents one of Japan's most substantial defense exports. - read more |
| Unprecedented Algal Bloom in South Australia Threatens Marine Ecosystem 07 Oct 2025: Paige Estritori Since March 2025, South Australia's coastline has been grappling with a harmful algal bloom (HAB) that has severely impacted marine life, the fishing industry, and tourism. The bloom, attributed to the proliferation of the microalgae Karenia mikimotoi, has led to the deaths of thousands of marine creatures and has caused health issues among beachgoers, including respiratory problems and eye irritation. - read more |
| Revitalizing Australia's Maritime Industry Through a National Strategic Fleet 07 Oct 2025: Paige Estritori Australia's maritime industry is at a crossroads, with only nine Australian-crewed ships currently operating. In response to this decline, industry leaders and policymakers are advocating for the establishment of a National Strategic Fleet to bolster the nation's shipping capabilities and secure vital supply chains. - read more |
| Westpac's Limited-Time Offer: $0 Establishment Fee on Motorcycle Loans 07 Oct 2025: Paige Estritori Westpac has announced a promotional offer for individuals seeking to finance their motorcycle purchases. Until 30 October 2025, the bank is waiving the $250 establishment fee on its unsecured personal loans for motorcycles. This initiative aims to make motorbike ownership more accessible and affordable for Australians. - read more |
| National Finance and Loans Joins Forces with Honda Racing Australia 07 Oct 2025: Paige Estritori National Finance and Loans (NFAL) has entered into a multi-year partnership with Honda Racing Australia, marking a significant collaboration in the Australian motorcycle racing scene. This alliance was unveiled at the final round of the Australian Supercross Championship, where NFAL assumed title rights for rider Alex Larwood's #5 entry. - read more |
| Plenti's Competitive Motorbike Loans: Finance Your Dream Ride 07 Oct 2025: Paige Estritori Plenti, a multi-award-winning personal lender, has introduced motorbike loans with interest rates starting from 6.28% per annum. This offering is designed to assist Australians in financing their dream motorcycles, whether new or used. - read more |
| Westpac's Strategic Expansion in Business Lending 05 Oct 2025: Paige Estritori Westpac Banking Corporation is embarking on a significant expansion of its business banking division, aiming to hire 350 new bankers over the next two years. This initiative is part of Westpac's strategy to reclaim its leadership position in Australia's business lending sector. - read more |
| CBA Achieves Record Profit Through Robust Lending Growth 05 Oct 2025: Paige Estritori The Commonwealth Bank of Australia (CBA) has announced a record full-year cash profit of A$10.25 billion for the fiscal year ending June 30, 2025. This achievement surpasses analyst expectations and marks an increase from the previous year's profit of A$9.84 billion. - read more |
| NAB's Third-Quarter Earnings Reflect Steady Growth 05 Oct 2025: Paige Estritori National Australia Bank (NAB) has reported a marginal increase in third-quarter cash earnings, reaching A$1.77 billion, up from A$1.75 billion in the same period last year. This growth is supported by improved net interest margins and increased lending volumes. - read more |
| MotorCycle Holdings Expands National Presence with Strategic Acquisition 05 Oct 2025: Paige Estritori MotorCycle Holdings Limited (ASX: MTO) has significantly expanded its national footprint by acquiring select dealership and eCommerce assets from the Peter Stevens and Harley-Heaven networks. This strategic move enhances the company's presence across four Australian states and introduces new product categories to its portfolio. - read more |
| Westpac's Strategic Expansion in Business Banking 05 Oct 2025: Paige Estritori Westpac Banking Corporation has announced a significant expansion in its business banking division, with plans to recruit 350 new bankers over the next two years. This strategic move is part of Westpac's concerted effort to reclaim its leadership position in Australia's business lending market. - read more |
| New Credit Check Requirements for BNPL Services in Australia 05 Oct 2025: Paige Estritori The Australian government has introduced new legislation mandating that buy-now-pay-later (BNPL) providers conduct credit checks on borrowers. This move aims to align BNPL services with traditional credit providers, enhancing consumer protection and financial transparency. - read more |
| APRA's Decision to Retain the 3% Serviceability Buffer 05 Oct 2025: Paige Estritori The Australian Prudential Regulation Authority (APRA) has announced its decision to maintain the 3% serviceability buffer for home loan lending. This buffer requires lenders to assess a borrower's ability to meet loan repayments at an interest rate 3% higher than the current rate, ensuring borrowers can withstand potential rate increases. - read more |
| Star Entertainment Group Secures Loan Covenant Waiver Amid Financial Challenges 05 Oct 2025: Paige Estritori Star Entertainment Group, a prominent Australian casino operator, has successfully secured a loan covenant waiver under its syndicated facility agreement as of September 30, 2025. This development comes at a critical juncture for the company, which has been navigating a series of financial and operational challenges. - read more |
| ANZ Bank Faces A$240 Million Penalty for Bond Deal Misconduct and Customer Service Failures 05 Oct 2025: Paige Estritori ANZ Group, Australia's fourth-largest bank, has agreed to pay a record A$240 million ($159.5 million) in penalties following investigations by the Australian Securities and Investments Commission (ASIC) for major misconduct. The violations include acting unconscionably during a A$14 billion government bond deal in April 2023, which the regulator says led to A$26 million in lost government funds. ANZ’s improper trading placed downward pressure on bond prices, undermining government funding. - read more |
| Commonwealth Bank of Australia Achieves Record A$10.25 Billion Profit Amid Lending Surge 05 Oct 2025: Paige Estritori Commonwealth Bank of Australia (CBA) has reported a record full-year cash profit of A$10.25 billion ($6.69 billion) for the fiscal year ending June 30, 2025. This impressive performance is attributed to robust growth in both home and business lending, coupled with stable interest margins. - read more |
| ANZ Bank Penalised AU$240 Million for Corporate Misconduct 05 Oct 2025: Paige Estritori In a landmark decision, ANZ Bank has agreed to pay a record AU$240 million penalty following investigations by the Australian Securities and Investments Commission (ASIC) into significant corporate misconduct. This penalty, the largest ever imposed on a single entity for corporate wrongdoing in Australia, underscores the gravity of ANZ's violations and their widespread impact on customers and the federal government. - read more |
| RBA Calls for Prudent Lending as Borrower Financial Health Improves 05 Oct 2025: Paige Estritori The Reserve Bank of Australia (RBA) has recently highlighted the need for continued caution in lending practices, even as data indicates an improvement in borrowers' financial health. This advisory comes in the context of a dynamic economic environment where both opportunities and risks coexist. - read more |
| Australian Marine Industry Achieves $229 Billion Economic Milestone 05 Oct 2025: Paige Estritori The Australian marine industry has reached a remarkable economic milestone, with its output soaring to $229 billion in 2023. This 19% increase from previous years underscores the sector's robust growth and its pivotal role in the national economy. - read more |
| Coffs Harbour Marina Transformed with World-Class Upgrade 05 Oct 2025: Paige Estritori Marine Structures, Australia's leading marine infrastructure provider, has successfully completed a multi-million-dollar upgrade of the Coffs Harbour Marina. This significant development delivers a world-class boating facility to the New South Wales coast, enhancing the experience for both local and visiting boating enthusiasts. - read more |
| Westpac's Bold Move to Reclaim Business Lending Leadership 05 Oct 2025: Paige Estritori Westpac Banking Corporation has unveiled an ambitious plan to bolster its presence in the Australian business lending market by recruiting 350 additional bankers over the next two years. This initiative is part of Westpac's broader strategy to reclaim its former leadership position in the sector, which has seen intensified competition among Australia's major banks. - read more |
| CBA's Record-Breaking Profit Fueled by Robust Lending Growth 05 Oct 2025: Paige Estritori The Commonwealth Bank of Australia (CBA) has announced a record full-year cash profit of A$10.25 billion for the fiscal year ending June 30, 2025. This impressive figure surpasses both analyst expectations and the previous year's profit of A$9.84 billion, highlighting the bank's strong performance in a competitive financial landscape. - read more |
| Japanese Banks SMBC and MUFG Drive Business Lending Growth in Australia 05 Oct 2025: Paige Estritori Australia's business lending sector is witnessing a significant shift as Japanese banking giants Sumitomo Mitsui Banking Corporation (SMBC) and Mitsubishi UFJ Financial Group (MUFG) emerge as leading growth drivers. In July 2025, the combined business loan books of Australia's top 10 authorised deposit-taking institutions (ADIs) reached A$925 billion, with SMBC and MUFG recording the highest percentage growth rates among them. - read more |
| Australian Motorcycle Sales Experience Downturn in Early 2025 05 Oct 2025: Paige Estritori The Australian motorcycle market has experienced a slight decline in sales during the first quarter of 2025, with a 3.5% decrease compared to the same period in 2024. This downturn reflects the broader economic challenges affecting discretionary spending among consumers. - read more |
| Exploring Australia's Two-Speed Economy and the Growing Wealth Divide 05 Oct 2025: Paige Estritori Recent analyses have highlighted a growing economic divide in Australia, often referred to as a 'two-speed economy.' This phenomenon is characterized by significant disparities between different demographics, businesses, and regions, driven by factors such as persistent inflation, elevated interest rates, and housing pressures. - read more |
| Record Growth in Electric and Hybrid Vehicle Financing in Australia 04 Oct 2025: Paige Estritori The Australian Finance Industry Association (AFIA) has released its latest Electric Vehicle & Hybrid Finance Report, revealing a significant surge in financing for electric and hybrid vehicles across the nation. In 2024, Australians secured over $6.17 billion in loans for these vehicles, representing a 50% increase compared to the previous year. This substantial growth underscores a clear shift towards cleaner transportation options among both consumers and businesses. - read more |
| Thailand's New Loan Guarantee Program Aims to Boost Pickup Truck Sales 04 Oct 2025: Paige Estritori In a strategic move to rejuvenate its automotive sector, Thailand has introduced a loan guarantee program specifically targeting pickup truck sales. The government has allocated a 5 billion baht (approximately $147.80 million) support package over seven years, aiming to incentivize financial institutions to approve loans for pickup trucks—a segment that traditionally accounts for a significant portion of the country's domestic auto sales. - read more |
| Increase in Car Loan Delinquencies Signals Financial Strain Among Australians 04 Oct 2025: Paige Estritori Recent data indicates a concerning rise in car loan delinquencies across Australia, with a 13% increase in vehicle repossessions over the past six months. This trend underscores the growing financial pressures faced by many Australians, as inflation and high interest rates continue to impact household budgets. - read more |
| Investors and First Home Buyers Surge Back to Australia's Property Market 03 Oct 2025: Paige Estritori Australia's property market is experiencing a notable revitalisation, spurred largely by Labor’s recently implemented First Home Guarantee scheme. Designed to make homeownership more accessible, this scheme allows first home buyers to enter the market with just a 5% deposit, bypassing the need for lenders’ mortgage insurance through a taxpayer-guaranteed 15% of the mortgage. Since its introduction, it has sparked significant interest among prospective purchasers, marking a significant shift in the housing sector. - read more |
| Entireti Revamps Managed Account Platform with Salita Portfolio Services 02 Oct 2025: Paige Estritori Entireti has revamped its managed account offering following its acquisition of Australian Unity’s financial advice business, launching the Salita Portfolio Services. This new service aims to cater to both licensed and self-licensed practices, encompassing Fortnum Private Wealth, Personal Financial Services, Akumin (formerly AMP licensees), and Entireti Alliances, its newly branded self-licensed service operations. - read more |
| Social Media: A Lifeline for Pre-Retirees Seeking Financial Advice 02 Oct 2025: Paige Estritori With financial advisers grappling with the challenge of serving more clients with limited time resources, effectively educating new clients about their financial journey has become a daunting task. According to Deline Jacovides, founder of Mazi Wealth, advisers once had the luxury of time to nurture and educate newcomers, but rising costs now demand clients arrive with a foundational understanding. - read more |
| First Home Buyers at Risk of Negative Equity Under New Scheme 02 Oct 2025: Paige Estritori In a recent analysis by Eliza Owen, the head of research at Cotality, concerns have been raised about the potential financial consequences for first-home buyers under the Albanese government's new 5% deposit scheme. This scheme, known as the First Home Guarantee, allows buyers to purchase property with just a 5% deposit, with the government covering a 15% mortgage guarantee. - read more |
| RBA's Hawkish Stance Leaves Homeowners Awaiting Rate Cut Relief 01 Oct 2025: Paige Estritori The Reserve Bank of Australia (RBA) has maintained the cash rate at 3.6 per cent, a decision anticipated by economists and market participants. However, the unexpectedly cautious rhetoric from the RBA's board and governor, Michele Bullock has prompted a rethink among analysts on the timing of future rate cuts. - read more |
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