Product intervention powers apply across investment, insurance and credit products but it will never be easy for ASIC to prove the risk of “significant consumer detriment”.
Dan Himbrechts/AAP
Research shows the majority of consumers have low financial knowledge and experience, but they are also prone to behavioural biases that don’t help.
Middle-class homeowners need credits, not deductions.
Konstantin L/Shutterstock.com
Rather than tinkering with the deduction, Republicans should get rid of it altogether and replace it with something that would actually help more Americans afford a home.
Aerial view of residential housing on the Gold Coast.
AAP ONE
While the key economic signs remain strong, new data suggests many Australians are entering into mortgages without having fully grasped the financial consequences.
Catching you out with the small print.
shutterstock.com
Research with call centre workers shows mis-selling is an entrenched and accepted feature of financial sales.
Perceptions of the levels of both income and wealth inequality are derived from our day-to-day experiences.
AAP/Dean Lewins
If the gap between the wealth of the billionaires and that of the average residents continues to widen dramatically, there is likely to be discontent.
With slow wages growth it is hard for household to “delever” themselves.
Paul Miller/AAP
The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
Tom Gowanlock / Shutterstock, Inc.
Home owners and first time buyers are right to be confused, so how should you play expected changes to a low rates environment?
It’s hard to calculate the risk from rising mortgage delinquencies.
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Increasing mortgage delinquencies is a warning sign for lenders. Especially if the economy starts to turn.
Private developers in China have been increasing their debt levels, research shows.
Reuters
China’s private property market is to blame for rising debt, not government owned or controlled businesses, new research shows.
Scott Morrison faces the risk of perceived failure if the federal government raises expectations then little happens.
David Mariuz/AAP
Scott Morrison is a “once bitten, never shy” sort of guy. The Treasurer this week launched into the hot topic of housing affordability.
Culture and family can play an important role in whether you can pay off your mortgage, new research shows.
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People from South East Asian countries are less likely to default on their mortgages because of a culture of financial assistance from families, new research shows.
Mortgage tracker rates follow the cash rate.
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Business Briefing: rate tracker mortgages
The Conversation 16,3 Mo (download)
Rate tracker mortgages could provide some certainty for customers and increase trust in the banking sector.
Commonwealth Bank chief Ian Narev was the first to appear before a parliamentary committee inquiring into the practices of the big four banks.
Lukas Coch/AAP
When the cash rate increases, lending rates shoot up like rockets, but when the opposite occurs they go down like feathers.