• 17/05/2022

Author: Accredited Broker

Accredited Broker

Why things won’t go back to how they were

Why things won’t go back to how they were

There’s no doubt that Covid has radically changed the property market. It has also revolutionised mortgages. With 67 per cent of loans now written by brokers, the old business model of just walking into your…

Vital Signs: What’s wrong with Australian mortgages? They’re fixed for shareholders, not home owners

Vital Signs: What’s wrong with Australian mortgages? They’re fixed for shareholders, not home owners

https://theconversation.com/vital-signs-whats-wrong-with-australian-mortgages-theyre-fixed-for-shareholders-not-home-owners-176234 Richard Holden| The Conversation| 4 February 2022 If you’re paying off a mortgage – or aspiring to – imagine if you didn’t have to worry so much about rising interest rates. That’s already the…

‘Correction’: The banks are predicting the biggest housing crash in decades. But will they be right?

‘Correction’: The banks are predicting the biggest housing crash in decades. But will they be right?

https://thenewdaily.com.au/finance/property/2022/02/09/banks-house-prices/ Matthew Elmas| The New Daily| 9 February 2022 There has been a big change in the outlook for house prices in the past week – two of Australia’s major banks are now predicting the…

Australia’s property market hits $688 billion in sales, up 57% in 12 months

Australia’s property market hits $688 billion in sales, up 57% in 12 months

https://www.pexa.com.au/news/australias-property-market-hits-688-billion-in-sales-up-57-in-12-months PEXA News Release| 9 February 2022 The Australian property market has proven its strength as the backbone of the nation’s economy during the global COVID-19 pandemic, with the national aggregate value of property sale…

Housing supply needs to be more flexible: RBA governor

Housing supply needs to be more flexible: RBA governor

https://www.mortgagebusiness.com.au/breaking-news/16488-housing-supply-needs-to-be-more-flexible-rba-governor Annie Kane| Mortgage Business| 14 February 2022 The supply of “well-located” land needs to be addressed to improve housing affordability, the governor of the Reserve Bank of Australia, Philip Lowe, has said. Speaking to…

Economists predict interest rates will surge soon despite Reserve Bank’s assurances

Economists predict interest rates will surge soon despite Reserve Bank’s assurances

https://www.brokernews.com.au/news/breaking-news/economists-predict-interest-rates-will-surge-soon-despite-reserve-banks-assurances-279534.aspx Mina Martin| Australian Broker| 7 February 2022 Economists remain adamant when it comes to predicting a cash rate increase this year, despite Reserve Bank of Australia’s latest economic forecast suggesting it might be some…

Threat of ‘postcode discrimination’ as credit scores skewed by where you live

Threat of ‘postcode discrimination’ as credit scores skewed by where you live

Daniel Ziffer| ABC| 7 February 2022 https://www.abc.net.au/news/2022-02-07/threat-of-postcode-discrimination-in-credit-scores/100723574?fbclid=IwAR36VZplMBBVdFVzo7YDscYRWs92ab_vJNQ-7i9-SPHlscyAeKvbn7hkI9M Where you live could determine if you can get a mortgage, with Australia’s biggest credit scoring company now applying postcode data when assessing applications. Key points: People’s credit…

More changes to finance

More changes to finance

A new approach to lending could have a dramatic impact on whether Australians can get a mortgage. A letter sent from the Australian Prudential Regulation Authority (APRA) to the banks shows how it is developing…

‘A good sign for buyers’: Clearance rates drop as more homes hit the market

‘A good sign for buyers’: Clearance rates drop as more homes hit the market

Tawar Razaghi| Domain| 10 November 2021 https://www.domain.com.au/news/clearance-rates-drop-as-more-homes-hit-the-market-potentially-tipping-in-buyers-favour-1102611/?utm_campaign=strap-masthead&utm_source=smh&utm_medium=link&utm_content=pos5&ref=pos1 The property market’s high tide could slowly be turning, agents say, as more homes hit the market, stricter stress tests on borrowing kick in, the RBA signals rate…

DTI limits and buffers in APRA’s arsenal to manage credit risk

DTI limits and buffers in APRA’s arsenal to manage credit risk

Annie Kane| Mortgage Business| 11 November 2021 https://www.mortgagebusiness.com.au/breaking-news/16240-apra-consults-on-new-credit-risk-management-approach?utm_source=MortgageBusiness&utm_campaign=Mortgage%20Business11_11_2021&utm_medium=email&utm_content=1&utm_emailID=8a8e1573aa7aed348b3ce216911220f449b12b769f3b1261337d04577713208e Debt-to-income ratio limits and serviceability buffer changes are to be embedded into APRA’s standard for credit risk management. The Australian Prudential Regulation Authority (APRA) has written to banks asking…

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