https://www.moneymanagement.com.au/features/expert-analysis/new-shape-best-interests-duty Industry Expert| Money Management\ 24 July 2020 Since 2009, credit licensees and their representatives have grappled with responsible lending obligations. Following the passage of legislation in response to recommendations of the Royal Commission, mortgage…
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https://au.finance.yahoo.com/news/now-is-the-time-to-buy-stop-renting-property-experts-warn-003604463.html Anastasia Santoreneos| Yahoo Finance| 8 September 2020 Australians in all capital cities, bar Sydney and Melbourne, would be better off buying a home than renting it, new data has revealed. According to Pete Wargent,…
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https://au.finance.yahoo.com/news/how-long-will-it-take-for-the-australian-economy-to-return-to-growth-013515485.html Yahoo Finance| 9 September 2020 The Australian economy is set to end 2020 lower than what it began but economists expect better years ahead. The Reserve Bank believes it will take until 2022 for…
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https://www.brokernews.com.au/news/breaking-news/sixmonth-loan-assessments-kick-off-273201.aspx Madison Utley| Broker News| 8 September 2020 Of the more than 900,000 loans which have been deferred since the start of the COVID-19 pandemic, around 450,000 customers are approaching the end of their six-month…
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The property market is rapidly approaching crunch time – where there will be multiple winners and losers. The end of this month is D-Day for the 450,000 borrowers who deferred home loan payments. Some will…
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Despite the Reserve Bank not having changed the official cash rate recently, banks are dropping their own mortgage rates as they compete against each other for home loan business Interest rates are now the lowest…
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Regional property markets have significantly outperformed city markets on average over the past year and new research indicates median prices in regional areas across the country were up by an average of 3.4 per cent for the year to…
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‘Life will never be the same again.’ Its been said non-stop since Coronavirus, but there is no doubt it has accelerated long overdue changes in the property market. Across the board, property-related professions are adapting…
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Many have argued that the stringent government response to COVID-19 has placed the property market cycle closer to another downswing. However, so far, property value declines have been fairly mild. And the government’s stimulus package…
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Banks Keep Lending to Pump Economy Australia’s banks look set to keep rates at record lows and to be flexible with borrowers impacted by COVID 19. Reserve Bank Governor, Dr Philip Lowe, recently spoke to…
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