Posted: February 4th, 2017 | Author: Michael Courtenay | Filed under: Business and Economy | Tags: AUSTRALIA, Bank, Banking, Business News, consumer-finance, regulation, Small Business | Comments Off on REPORT: Small Business Inquiry Finds Australian Big Bank Practices Unfair
I’ve banked with a small bank – Bendigo Bank – since my return to Melbourne 8 years ago. Australia’s big banks have plenty of critics, and now they can add the Small Business Ombudsman to that fast growing list.
The high profile Ombudsman, Kate Carnell, who has authored a report released today into banking practices, has found lenders are not being fair when they enter into contracts with small and medium-sized businesses.
The big four banks enjoy a $19 billion advantage over their smaller rivals by still being able to self-calculate the riskiness of their home loans according to analysis from the Australian Prudential Regulation Authority.
Despite a new regulatory framework requiring the big banks to hold larger top tier capital buffers, their ability to internally assess their asset risks is still a huge advantage in terms of the amount of “expensive” capital locked up and their ability to access cheaper funding.
While the CBA, NAB, Westpac and ANZ are now required to base their regulatory capital on a blanket of at least 25 percent of mortgages being at risk, smaller lenders must base their risk weightings at 39 percent :: Read the full article »»»»
Posted: January 28th, 2017 | Author: Michael Courtenay | Filed under: Cankler Science News | Tags: AUSTRALIA, Cankler Science News, health, Heatwave, Human-interest, weather | Comments Off on Health Factoid: Why You Have Trouble Sleeping During a Heatwave
The morning after a sweltering summer night, you’ve tossed and turned, sweated in your sheets, many may experience a rude awakening.
You know the feeling, you wake up feeling groggy, tired, irritable, almost like you have a hangover.
In Australia temperatures like last week’s heatwave – which saw suburbs stay at around 30 degrees Celsius overnight – and with hot days expected throughout the southern summer, sleep disruption is going to be a regular pain in the neck.
While the body’s core temperature generally hovers steadily around 37C, there is a potential for it to rise and develop into a fever if the surface temperature cannot be cooled and a room remains hot :: Read the full article »»»»
Posted: January 26th, 2017 | Author: Michael Courtenay | Filed under: Australian Home Prices, Renovate or Die | Tags: community-and-society, government-and-politics, Housing, housing-industry, work | Comments Off on ‘Severely Unaffordable!’ Sydney’s Housing Nightmare Laid-bare in New Survey
Sydney’s housing is rated less affordable than global metropolises New York and London in a report that paints a dire picture for the city’s middle-income earners :: Read the full article »»»»
Posted: January 11th, 2016 | Author: Michael Courtenay | Filed under: Australian Home Prices | Tags: australian-tax-reform, capital=gains-tax, housing-investment | Comments Off on Australia Institute Says Changes to Capital-gains Tax Would Deliver $12 billion in Budget Savings
The Australia Institute has called for changes to capital gains tax, claiming exemptions are costing the Federal Budget $48 billion. It’s recommended removing exemptions for the family home if it’s valued more than $2 million.
The think-tank has proposed changes to capital gains tax, claiming it would save the Federal Budget $12 billion. Under the proposal, the family home would no longer be exempt from the tax if it’s valued more than $2 million.
However, the housing industry has downplayed the idea, claiming it could put pressure on the property market :: Read the full article »»»»
Posted: October 21st, 2015 | Author: Indeep Media Direct Marketing | Filed under: REBLOG | Tags: REBLOG | Comments Off on REBLOG! Meet the home owners going back to renting
Once upon a time you got a foot on the property ladder and kept climbing until the mortgage was paid off. But in today’s world that picture seems a little quaint. Just as jobs for life and together forever relationships carry a vintage hue, so too, does the idea that the transition into home ownership will be a permanent one.
The renting versus buying question is one that we may continue to encounter throughout our lifetime :: Read the full SMH article »»»»