• May 22, 2020

Category: Lending

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…

Read More
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…

Read More
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…

Read More
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…

Read More
Thousands of First Home Buyers to Miss Out

Thousands of First Home Buyers to Miss Out

Tens of thousands of aspiring homeowners are likely to miss out on a new government scheme that would allow them to purchase a home with a 5 per cent deposit. The new First Home Loan…

Read More
Credit curbs in sight as housing rebound accelerates

Credit curbs in sight as housing rebound accelerates

Charbel Kadib| Mortgage Business| 3 September 2019 https://www.mortgagebusiness.com.au/breaking-news/13765-credit-curbs-in-sight-as-housing-rebound-accelerates Regulators could consider a fresh round of macro-prudential measures to keep debt levels at bay, according to one analyst, amid the growing possibility of a “V-shaped” recovery…

Read More
The sleeper issue that could be a nightmare for banks

The sleeper issue that could be a nightmare for banks

Elizabeth Knight| Sydney Morning Herald| 5 September 2019 https://www.smh.com.au/business/banking-and-finance/the-sleeper-issue-that-could-be-a-nightmare-for-banks-20190904-p52nxm.html?fbclid=IwAR1-l_n0GX76pGccwj4CkS-ahEmlWJVW8UmPsIccXUXHk0FrqSPMRa6V2DQ The application of the proposed ‘best interest duty’ for mortgage brokers could be the sleeper issue that raises the bar on bank competition, and eats away…

Read More

What’s happening with lending standards?

Pete Wargent BlogSpot| 13 September 2019 https://petewargent.blogspot.com/2019/09/whats-happening-with-lending-standards.html A bit of interesting chit-chat on the Twitter today concerning whether mortgage lending standards are looser, or tighter…or neither of the above. On the one hand, the minimum…

Read More
Achieve More By Using This Simple Business Planning Method

Achieve More By Using This Simple Business Planning Method

Anil Puri │ Director, Chan & Naylor Business Coaching From our experience working with finance brokers and real estate agents over the years, one of the key ways to guarantee better results is to have…

Read More
Sanity Comes to Lending as Optimism Comes to Property

Sanity Comes to Lending as Optimism Comes to Property

Landmark decisions mean that borrowing is getting easier, just as buyers are inching back into the property market. This week Westpac had a stunning court victory against the Australian Securities and Investments Commission on how…

Read More