Rates, Risk & A Little Bitcoin
You can almost hear the spreadsheets groaning as banks re-price mortgages and chase deposits. Brokers are finding it harder to refinance clients and Bitcoin enters the room.
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Fakes, Fears & Feelings
Some dark days on Money Road this week: Our biggest banks suffer a seismic scam, Chicken Little is in the house, and a gratuitous slur on the good folk of Cunnamulla.
Where’s the Sense?
Every now and then the news arrives in a tangled mass of contradictions that defies analysis and creates a simpler response: WTF? This was one of those weeks. Welcome to Money Road.
Banks, Borrowers & B.S.
Celebrations sour for The Big Four. Borrowers head for the hills. Non-banks up the ante. Meanwhile, Shock & Horror. AUSTRAC discovers that not everyone applying for a mortgage is entirely who they say they are.
Frantic to Frozen
The housing market is in the freezer, mortgage applications are falling, brokers are feeling the pinch, and buyers are getting something they haven't enjoyed for years, a bit of bargaining power.
Retreat, Reduce, Repeat
This week sees two major banks in retreat, homebuyers sitting on their hands, frequent flyers shafted and small businesses struggling to stay on top of their costs. A crisis of confidence? Perhaps. There’s certainly a hint of caution in the air.