Hannah Dowling| Mortgage Business| 8 August 2019 https://www.mortgagebusiness.com.au/breaking-news/13686-mortgage-approval-values-bounced-back-in-june ABS data from June has reported an overall increase in lending values, driven by owner-occupiers and first home buyers. According to the latest Lending to Households and…
Charbel Kadib| Mortgage Business| 14 August 2019 https://www.mortgagebusiness.com.au/breaking-news/13706-it-s-just-too-hard-anz-ceo-laments-credit-scrutiny ANZ will maintain a conservative approach to mortgage lending until the industry receives further clarity from regulators, CEO Shayne Elliott has said. Speaking at Aussie Home Loans’…
Tim Boyd| Australian Financial Review| 13 August 2019 https://www.afr.com/companies/financial-services/asic-loses-landmark-case-against-westpac-20190813-p52ggy In a landmark case for responsible lending, the Federal Court has dismissed allegations against Westpac, brought by the corporate regulator, that it breached responsible lending laws…
Duncan Hughes| Australian Financial Review| 14 August 2019 https://www.afr.com/companies/financial-services/developers-offer-advisers-90-000-to-flog-high-rise-apartments-20190813-p52gk1 Commission payments of between $30,000 and $90,000 – plus extra incentives for multiple sales – are being offered by developers to buyers’ and real estate agents,…
The Real Estate Conversation| 12 August 2019 https://www.therealestateconversation.com.au/news/2019/08/12/household-financial-comfort-dragged-down-residential-property-price-falls-and Financial comfort in Australian households has dipped following residential property price falls and a weakening of the labour market, new research from ME Bank has revealed. The…
Peter Martin| The Conversation| 9 August 2019 https://theconversation.com/rba-update-governor-lowe-points-to-even-lower-rates-121690 Reserve Bank Governor Philip Lowe has said two things about unemployment in the past few weeks. Together, they lead to an inescapable conclusion. The first was in…
AFCA Media Release 15 July 2019 https://www.afca.org.au/news/media-releases/afca-delivers-83m-win-for-consumers-and-small-business/ Australian consumers and small businesses with financial complaints have collected over $83 million through the Australian Financial Complaints Authority (AFCA) in its first six months of operations. AFCA’s Six…
Jacob Passy| Market Watch| 13 August 2019 https://www.marketwatch.com/story/a-danish-bank-is-offering-mortgages-with-negative-interest-rates-why-you-shouldnt-wish-for-that-to-happen-in-the-us-2019-08-12 It’s safe to say that mortgage rates have never been lower in Denmark. In fact, they’re now negative. Denmark’s Jyske Bank , is now offering a 10-year…
MFAA | 19 June 2019 https://www.mfaa.com.au/news/mortgage-brokers-record-highest-ever-market-share-amidst-tough-market-conditions The mortgage broker channel has recorded its highest ever residential home loan market share result with brokers settling 59.7 per cent of all residential home loans during the January…
Ingrid Fuary-Wagner | Australian Financial Review | 30 June 2019 https://www.afr.com/real-estate/residential/best-month-for-sydney-auctions-in-almost-two-years-20190630-p522o1 Cashed-up buyers who have been biding their time and waiting out the downturn are now starting to make their move as selling agents report…
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