The former treasurer and US ambassador has built one of the most successful post-political careers in recent memory. But few could have predicted his latest move.
Property
The troubled fund manager feels it is fait accompli on losing its listed commercial property fund to family office the Lederer Group.
An executive behind more than $7 billion in social and affordable housing will part ways with ANZ, sparking concerns it could lose ground to its rivals in the rapidly growing area.
The big four banks are all in retreat, to varying degrees, from one of the riskiest corners of the property investing market. It could leave second-tier lenders to fill the void.
A hot property market has fuelled a boom in buyers agents, but critics say weak, outdated regulation has let bad actors thrive as reckless advice spreads online.
Macquarie’s lending pullback shows how property influencers and buyers’ agents are driving risky, leveraged investment strategies in Australia’s hot market.
The investment titan has shed more light on its move away from riskier lending, as brokers urge regulation of buyers agents and online property influencers.
CBA has joined Macquarie in pulling back from the riskier end of the housing market as concerns mount over unsustainable borrowing.
The market may have cooled on ESG, but not on green homes. Energy performance is emerging as the new metric driving property prices and lending decisions.
