• July 14, 2020

Month: April 2019

What’s Next?

What’s Next?

The property and finance industry is on the starter’s block but is unsure what the next race will be.  Certainly we are looking at profound changes. A May election could see a change of power…

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NAB axes controversial home loan referral program

NAB axes controversial home loan referral program

Clancy Yeates| Sydney Morning Herald| 25 March 2019 https://www.smh.com.au/business/banking-and-finance/nab-axes-controversial-home-loan-referral-program-20190325-p517b2.html Real estate agents, lawyers and sports clubs will no longer be able to receive payments from National Australia Bank for helping sell home loans, in a move…

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Mortgage brokers push for more concessions

James Frost| Australian Financial Review| 26 March 2019 https://www.afr.com/business/banking-and-finance/mortgage-brokers-push-for-more-concessions-20190326-p517oe Mortgage brokers continued to push the federal government and the opposistion for more concessions following their successful lobbying against a banking royal commission reform. Mark Haron,…

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Treasurer delays trail abolition date

Annie Kane| 12 March 2019| The Adviser https://www.theadviser.com.au/breaking-news/38899-treasurer-delays-trail-abolition-date Treasurer Josh Frydenberg has said that the government will look at reviewing the impacts of removing trail in three years’ time rather than abolishing it next year…

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Housing credit growth lowest since records began

Matthew Cranston| The New Daily| 29 March 2019 https://www.afr.com/news/economy/housing-credit-growth-lowest-since-records-began-20190329-p518vf Credit growth for housing has shown a mild recovery in February but the annual growth rate has hit the lowest level since records started in 1977.…

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How banks made their case on credit, culture in Hong Kong

How banks made their case on credit, culture in Hong Kong

Chanticleer| Australian Financial Review| 28 March 2019 https://www.afr.com/chanticleer/how-banks-made-their-case-on-credit-culture-in-hong-kong-20190328-p518nk Hong Kong | There’s nothing like a trip overseas to remind you of Australia’s place on the world stage. But at the Credit Suisse Asian Investment Conference…

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Sam and the honest broker: why Commissioner Hayne wants mortgage brokers to charge fees

Sam and the honest broker: why Commissioner Hayne wants mortgage brokers to charge fees

Kevin Davis| The Conversation| 25 March 2019 https://theconversation.com/sam-and-the-honest-broker-why-commissioner-hayne-wants-mortgage-brokers-to-charge-fees-114071 The Royal Commission recommendation that mortgage broker commissions, currently paid by lenders, should be replaced by up-front fees paid by borrowers, has been controversial to say the…

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‘A bird in the hand’: Vendors increasingly open to pre-auction sales

‘A bird in the hand’: Vendors increasingly open to pre-auction sales

Cait Kelly| 27 March 2019| The New Daily https://thenewdaily.com.au/money/property/2019/03/27/property-sold-before-auction/ As property prices continue to fall across the country, houses and apartments are increasingly being sold before auction, industry figures say. Nervous vendors are being met…

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Labor to end negative gearing concessions for new investors on January 1

Labor to end negative gearing concessions for new investors on January 1

Henry Belot| The New Daily| 29 March 2019 https://thenewdaily.com.au/news/national/2019/03/29/labor-negative-gearing-concessions/ A Labor government would scrap negative gearing concessions for new investors on January 1 next year, earlier than many analysts and commentators predicted. Shadow Treasurer Chris…

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ANZ and NAB bosses say banks are still ‘ready to lend’ amid responsible lending clampdown

ANZ and NAB bosses say banks are still ‘ready to lend’ amid responsible lending clampdown

Stephanie Chalmers| ABC Online| 27 March 2019 https://www.abc.net.au/news/2019-03-27/anz-and-nab-bosses-face-parliamentary-grilling/10943760?section=business The bosses of ANZ and NAB have told a parliamentary hearing their banks are willing to lend, amid a greater focus on responsible lending in the wake…

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