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The Latest Breaking News from APRA

As fixed mortgages end and rates rise, many risk losing their homes

Almost 40 per cent of Australians with mortgages who have locked in ultra-low fixed interest rates will roll off them as soon as next year, raising fears that more people will default on their loans, creating financial system instability.

Michael Pascoe: Trillion-dollar government failure, Dopesick and an Istanbul taxi driver

Michael Pascoe: Trillion-dollar government failure, Dopesick and an Istanbul taxi driver

The puff of dust just visible is the last sign of a trillion-dollar horse long bolted, the gate held ajar by dopey politicians and regulators – or worse.

Banks crack down on high debt-to-income home loans as regulator APRA comes knocking

Banks crack down on high debt-to-income home loans as regulator APRA comes knocking

Two of Australia's biggest banks are moving to curb high-risk home lending, as the regulator reveals it has been warning some institutions to cut back on risky loans.

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The Kid LAROI wins three awards, including songwriter of the year at APRA Awards, including song of the year for Stay collaboration with Justin Bieber

The Kid LAROI has been named songwriter of the year at the APRA Awards, with the teen rapper's global hit STAY voted best song by his music industry peers.

The Kid Laroi, Genesis Owusu and the Wiggles dominate Australian music awards

Kamilaroi rapper won Apra song of the year for Stay and was ‘stoked’ to be on his way home for a national tour in May and June

The Guardian - AU

With interest rates about to start rising, experts estimate almost 300,000 mortgage borrowers are at serious risk of default

As interest rates rise, almost 300,000 people who took large and risky home loans during the pandemic could fall into severe financial hardship or even default.

Radical changes in disability income protection means it’s time to review insurance cover

Income protection insurance cover has been dramatically cut following moves by regulator APRA last October so it' time to review your cover, advisers say.

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