• May 23, 2020

Category: Articles

Banks to quiz borrowers about Netflix, private school

Banks to quiz borrowers about Netflix, private school

James Frost| Australian Financial Review| 10 December 2019 Lenders should be asking customers to prove they can save money and afford loans by sending their children to public schools or cancelling their Netflix subscriptions under…

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What’s your business model?

What’s your business model?

So, property prices are on the up and the banks are lending again.  But are you sure you will make money? While the lending environment is more generous than now, banks and brokers are being…

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Best interests duty bill released

Best interests duty bill released

https://www.theadviser.com.au/breaking-news/39808-best-interest-duty-bill-released Annie Kane| The Adviser| 28 November 2019 The updated best interests duty bill for mortgage brokers has been tabled in Parliament, outlining the role brokers need to take when helping a borrower from 1 July…

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Regulators unfazed by ‘upward pressure’ on house prices

Regulators unfazed by ‘upward pressure’ on house prices

John Kehoe| Australian Financial Review| 4 December 2019 https://www.afr.com/policy/economy/regulators-unfazed-by-upward-pressure-on-house-prices-20191204-p53gnj The country’s top financial regulators have tipped that an under construction of apartments will put further “upward pressure” on property prices, but they appear relaxed about…

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The “essential component” of broker businesses

The “essential component” of broker businesses

https://www.brokernews.com.au/news/breaking-news/the-essential-component-of-broker-businesses-268549.aspx Madison Utley| Broker News| 2 December 2019 The managing director of an award-winning aggregation group has encouraged brokers to fully embrace and invest in their marketing, as it is an “essential component” of running…

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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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