• 18/04/2021

Author: Accredited Broker

Accredited Broker

Home owners warned against rushing to fix their mortgages

Home owners warned against rushing to fix their mortgages

Euan Black| The New Daily| 2 February 2021 Home owners warned against rushing to fix their mortgages (thenewdaily.com.au) Home owners are being told to do their research before fixing their mortgages, after the Reserve Bank…

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Mortgage demand up 19.3% in December quarter

Mortgage demand up 19.3% in December quarter

Malavika Santhebennur| Mortgage Business| 17 February 2021 Mortgage applications surged in the December quarter amid a slump in consumer credit applications, with WA the standout, according to data. Figures from data company Equifax have revealed…

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New law puts brokers in box seat

New law puts brokers in box seat

Great news for anyone planning to take out a home loan – new legislation means consumers are even better protected when they use a mortgage broker. But banks do not have the same responsibility towards…

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Why changes to Responsible Lending wont have the impact either side claim.

Why changes to Responsible Lending wont have the impact either side claim.

“Old generals always fight the previous war” goes the old adage – many of the old arguments are being rolled out by both sides in the proposed changes to Responsible Lending rules. But, as we…

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Could household debt levels be a trigger for another round of credit tightening?

Could household debt levels be a trigger for another round of credit tightening?

Tim Lawless| Corelogic| 18 November 2020 https://www.corelogic.com.au/news/could-household-debt-levels-be-trigger-another-round-credit-tightening?utm_medium=email&utm_source=newsletter&utm_campaign=20201123_propertypulse&utm_content=pp_blog%20 Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990…

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Australia’s lending laws are overdue for an overhaul

Australia’s lending laws are overdue for an overhaul

Anna Bligh| Sydney Morning Herald| 25 November 2020 https://www.smh.com.au/business/banking-and-finance/australia-s-lending-laws-are-overdue-for-an-overhaul-20201125-p56hq8.html They say a week is a long time in politics. If that’s true – eleven years is an eternity. That’s how long it’s been since the…

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Declining mortgage rates expected to continue: RBA

Declining mortgage rates expected to continue: RBA

Annie Kane| Mortgage Business| 25 November 2020 https://www.mortgagebusiness.com.au/breaking-news/15166-declining-mortgage-rates-expected-to-continue-rba The average mortgage interest rate paid by households is expected to continue to decline “for a while yet”, according to the central bank. Speaking at the Australian…

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Responsible lending removal: the pros and cons

Responsible lending removal: the pros and cons

Annie Kane| Mortgage Business| 23 November 2020 https://www.mortgagebusiness.com.au/breaking-news/15153-responsible-lending-removal-the-pros-and-cons The proposal to overhaul responsible lending obligations has been met with mixed reaction, with many welcoming its ability to speed up the flow of credit while others…

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We’re back to pushing up housing prices as economic policy

We’re back to pushing up housing prices as economic policy

Michae Pascoe| The New Daily| 4 November 2020 https://thenewdaily.com.au/finance/2020/11/04/michael-pascoe-housing-prices/ The first lesson this week was that when offered cheap money, a significant number of Australians will rush to buy residential real estate, recession or not.…

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Stamp Duty Changes Good for Property?

Stamp Duty Changes Good for Property?

‘Be careful what you wish for’ goes the old adage. Nowhere is the more true than in proposed changes to Stamp Duty which may have huge impacts on the way the property market operates. Changes…

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