• July 18, 2020

Author: Accredited Broker

Accredited Broker

House price surge could force new tightening

https://www.afr.com/property/residential/house-price-surge-could-force-new-tightening-20191202-p53g4c Ingrid Fuary-Wagner| Australian Financial Review| 3 December 2019 Economists warn that Australia’s banking regulators will be pressured into introducing a new round of macroprudential tightening measures if the strong and swift surge in house…

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Housing finance up 15pc – but will it continue?

Housing finance up 15pc – but will it continue?

Housing finance increased steadily by another 1.3 per cent in September – taking growth since May to 15 per cent. Already, market commentators are predicting that Sydney and Melbourne will hit record highs in April…

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Brokers continue to dazzle

Brokers continue to dazzle

Madison Utley| Australian Broker| 11 November 2019 https://www.brokernews.com.au/news/breaking-news/brokers-continue-to-dazzle-268027.aspx In its first year of operation, just 0.35% of the complaints lodged with the Australian Financial Complaints Authority (AFCA) were related to mortgage brokers. From 1 Nov…

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Rates heading to 0.25% despite ‘upbeat’ RBA

Rates heading to 0.25% despite ‘upbeat’ RBA

Mortgage Business| 7 November 2019 https://www.mortgagebusiness.com.au/breaking-news/13974-rates-still-heading-to-0-25-despite-upbeat-rba-rhetoric he Reserve Bank remains on track to cut the cash rate twice in the coming months, despite singing a “more upbeat” tune in its statement on monetary policy, according…

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Aussie property prices set to break record highs by start of next year

Aussie property prices set to break record highs by start of next year

Jack Derwin| Australian Financial Review| 8 November 2019 https://www.afr.com/property/residential/aussie-property-prices-set-to-break-record-highs-by-start-of-next-year-20191108-p538l9 Property prices are soaring in Australia like it’s 2015. That may be welcome news for investors, but it’s bound to startle wannabe first home buyers. Not…

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Upswing in Australian housing finance approvals continues in September

Upswing in Australian housing finance approvals continues in September

James Foster| Macro View| 7 November 2019 http://jamesfostermacro.blogspot.com/2019/11/upswing-in-australian-housing-finance.html The upswing in Australian housing finance owner-occupier approvals continued at pace in September rising by a sharp 3.6% on the month. On aggregate, the value of lending commitments…

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Reserve Bank Research: Competition Forces Banks to Reduce Rates

Reserve Bank Research: Competition Forces Banks to Reduce Rates

Reserve Bank analysis shows that more Australians are getting a better deal on their home loans, despite banks being under fire for not passing on interest rates in full. That is because lenders are forced…

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First home buyer scheme advances to next step

First home buyer scheme advances to next step

Madison Utley| Australian Broker| 15 October 2019 https://www.brokernews.com.au/news/breaking-news/first-home-buyer-scheme-advances-to-next-step-267272.aspx The Senate has passed the legislation that will move the First Home Loan Deposit Scheme closer to becoming a reality.   The passage of the bill, originally introduced…

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This is how much you can save by switching loans to a smaller lender

This is how much you can save by switching loans to a smaller lender

Mike Bruce| The New Daily| 15 October https://thenewdaily.com.au/money/your-budget/2019/10/15/how-much-you-can-save-switching-loans/ Switching a mortgage from one of the big four banks to the lowest rate on the market will save almost $85,000 over the life of a $400,000…

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0.75% is a record low, but don’t think for a second the Reserve Bank has finished cutting the cash rate

0.75% is a record low, but don’t think for a second the Reserve Bank has finished cutting the cash rate

Peter Martin| The Conversation| 1 October 2019 https://theconversation.com/0-75-is-a-record-low-but-dont-think-for-a-second-the-reserve-bank-has-finished-cutting-the-cash-rate-124499 Anyone who thought that with the Reserve Bank’s cash rate now close to zero, its run of interest rate cuts was over, needs only to read the…

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