Peter Beaumont| The Adviser| 25 September 2018 https://www.theadviser.com.au/blogs/38294-brokers-should-ready-their-business-for-ccr Brokers are being urged to review important business processes ahead of a new credit reporting framework coming into effect later this week. Comprehensive Credit Reporting (CCR) begins…
Read MoreBrendan Coates| The Conversation| 24 July 2018 https://theconversation.com/migrants-are-still-buying-into-the-dream-of-home-ownership-but-its-becoming-more-elusive-100246 Recent Australian migrants are buying into the Great Australian Dream of home ownership. But rates of home ownership among recent migrants are falling, as they are among…
Read MoreMelissa Heagney| Domain| 21 August 2018 https://www.domain.com.au/news/thousands-of-australians-forced-into-rental-stress-report-highlights-income-disparity-20180821-h147ad-759186/ Renters living in the inner-suburbs of Melbourne, Sydney or Brisbane are spending nearly half of their wages on rent – so much that renting is becoming as unaffordable as buying, according…
Read MoreCharlotte Hamlyn| The New Daily| 19 August 2018 https://thenewdaily.com.au/money/property/2018/08/19/baby-boomers-moving-back-grown-kids/ In a tough housing market, more and more young people are opting to stay living at home for longer. But there is another growing trend —…
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Isabelle Lane| The New Daily| 7 August 2018 https://thenewdaily.com.au/money/property/2018/08/07/out-of-cycle-rate-hikes-predicted/ The big four banks are expected to raise mortgage rates despite the Reserve Bank decision to keep the official cash rate steady. The RBA announced on Tuesday the official…
Read MoreRod Myer| The New Daily| 27 July 2018 https://thenewdaily.com.au/money/finance-news/2018/07/27/smaller-banks-mortgages/ If you’re in the market for a home mortgage you’re likely to get a better deal from the small banks, according to research from Moodys Investors…
Read MoreIsabelle Lane| The New Daily| 17 July 2018 https://thenewdaily.com.au/money/property/2018/07/17/carpark-glut-city-apartments/ A glut of parking spaces may be unnecessarily pushing up the cost of inner-city apartments, a property expert has warned. “Over half the residents of inner Melbourne…
Read MoreRebecca Pike| Australian Broker| 20 August 2018 https://www.brokernews.com.au/news/breaking-news/introducing-ccr-lending-behaviour-253836.aspx The head of a credit reporting facility has said brokers will need to be aware of lenders’ new risk appetite, including risk-based pricing, after comprehensive credit reporting…
Read MoreRebecca Pike| Australian Broker| 16 August 2018 https://www.brokernews.com.au/news/breaking-news/fintechs-fill-the-void-left-by-commission-253731.aspx intechs are filling the gap in SME lending as the big four banks concentrate on the fallout from the royal commission, according to one online lender. The…
Read MoreAnnie Kane| The Adviser| 17 August 2018 https://www.theadviser.com.au/breaking-news/38145-tightening-of-credit-not-an-overreaction-rba The governor of the Reserve Bank of Australia has conceded that the royal commission has affected the supply of credit, but added that he does not think…
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