Sun, 25th Aug 2024

This episode of the Weekly Finance News Wrap covers various finance and business updates across Australia. Major lenders, including Commonwealth Bank, Westpac, and National Australia Bank, are slashing rates to create competitive offers, with fixed and variable rates dropping significantly. The Australian Securities and Investments Commission introduced a new reference checking protocol for mortgage brokers, promising enhanced vetting and accountability standards. Meanwhile, Perth's housing market sees a significant surge in property prices, yet struggles with a severe supply shortage. At the same time, National Australia Bank faced their second major tech glitch in two months, raising questions about the reliability of their digital services. Stay informed with Financial Services Online.