• July 14, 2020

Author: Accredited Broker

Accredited Broker

Existing borrowers gouged by banks offering new mortgage discounts, RBA says

Existing borrowers gouged by banks offering new mortgage discounts, RBA says

Are you one of those people who spend hours online or in stores trying to find the best discount on the latest gadget or fashion item? If the answer is yes and you also have…

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Older Australians who own their home more than 20 times better off than those who rent, data shows

Older Australians who own their home more than 20 times better off than those who rent, data shows

Exclusive Australian Bureau of Statistics data has revealed the staggering difference in wealth of older Australians in owner-occupied households compared to those that rent. Key points: – Those who own property as they approach retirement…

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Welcome to the Brave New World

Welcome to the Brave New World

‘The heavy lifting has been done’ according to APRA and the banks’ lending practices are now on a sounder footing. ·       With many of APRA’s speed bumps now removed, does that mean that there will…

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‘No strong case’ for near-term interest rate hike RBA

Vesna Poljak| Australian Financial Review| 17 July 2018 https://www.afr.com/markets/rba-on-close-and-careful-watch-of-household-debt-20180717-h12rvq The Reserve Bank of Australia has declared it will remain vigilant around high levels of household indebtedness, leading economists to conclude that the central bank needs…

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Bankwest focuses on broker training amid accreditation changes

Charbel Kadib| The Adviser| 17 July 2018 https://www.theadviser.com.au/breaking-news/38009-bank-accreditation-changes-emphasise-broker-training Bankwest’s general manager of third party has said that the bank is putting “extra assets” into training of new-to-industry brokers as well as lifting its accreditation requirements.…

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Home loan crackdown ‘heavy lifting’has been done by banks, says APRA

Clancy Yeates| Sydney Morning Herald| 11 July 2018 https://www.smh.com.au/business/banking-and-finance/home-loan-crackdown-heavy-lifting-has-been-done-by-banks-says-apra-20180711-p4zqsd.html Australia’s banks have largely completed a long-running campaign to bolster their mortgage lending standards, the financial regulator says, signalling it will not force banks to further slam…

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Banks ramp up sharing of ‘positive’data on customers, despite concerns

Clancy Yeates| Sydney Morning Herald| 16 July 2018 https://www.smh.com.au/business/banking-and-finance/banks-ramp-up-sharing-of-positive-data-on-customers-despite-concerns-20180713-p4zray.html Banks are on track to address a key “blind spot” in their lending assessments by early next year, as several of the country’s biggest lenders finally…

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Broking profession a career beacon

Annie Kane| The Adviser| 11 July 2018 https://www.theadviser.com.au/breaking-news/37986-broking-profession-a-career-beacon Broking continues to be a “beacon” for those seeking a career change as well as for accountants and other financial services providers, the founder of an education…

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Airbnb regulation needs to distinguish between sharing and plain old commercial letting

Laura Crommelin, Chris Martin, Laurence Troy|  The Conversation| 5 June 2018 https://theconversation.com/airbnb-regulation-needs-to-distinguish-between-sharing-and-plain-old-commercial-letting-97613 Airbnb and other short-term letting websites have been a hot topic of debate for some time. In New South Wales, it seems the…

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Finding it harder to get a loan? Here’s why

Ashlynne McGhee| 7.30| 16 July 2018 http://www.abc.net.au/news/2018-07-16/finding-it-harder-to-get-a-loan-heres-why/9999912 It’s harder to get a loan in Australia right now than it has been in years. The big banks have been whacked by the financial services royal commission…

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