Mortgage Professional Australia| 25 August 2017 http://www.mpamagazine.com.au/sections/market-talk/surprise-commissions-are-actually-going-up-240375.aspx Mortgage Choice’s full year results cast doubt on gloom surrounding broking’s business model Commissions are going up, according to the head of one of broking’s biggest franchises, as they…
Christina Zhou| ABC| 21 August 2017 http://www.abc.net.au/news/2017-08-21/chinese-property-buyers–top-10-countries/8826522?section=business Australia is losing Chinese buyer interest to other parts of the world as tougher government regulations and new tax rules continue to bite, new data shows. Top 10…
Kate Letheren and Paula Dootson| The Conversation| 10 August 2017 https://theconversation.com/banking-with-a-chatbot-a-battle-between-convenience-and-security-81328 Soon, you will be able to check your bank balance or transfer money through Facebook Messenger and Twitter as banks experiment with chatbots. Companies…
Lucy Dean| Mortgage Business| 7 August 2017 https://www.mortgagebusiness.com.au/breaking-news/11354-orderly-unwinding-in-housing-market A “sharp correction” in the housing market is unlikely to occur in the next two years, but an “orderly unwinding” is on the cards, S&P has said.…
Last month Accredited Broker postulated “Is It Banks versus Brokers?” In the intervening weeks since our last edition, it has become clear that the picture is more complicated – one that has significant impact on brokers. In…
Swati Pandey and Wayne Cole| Reuters| 22 July 2017 http://www.msn.com/en-au/money/finance-marketnews/australia-central-bank-no-automatic-reason-to-follow-global-rate-hikes/ar-AAowNRt?li=AA54Gb&ocid=spartandhp The recent outbreak of hawkishness by policymakers in the western world does not automatically mean that interest rates need to rise in Australia, a top…
Annie Kane| The Adviser| 20 July 2017 Members of the mortgage broking and banking industries have agreed the framework to develop an industry response to ASIC’s report on mortgage broker remuneration. The mortgage industry forum, which…
Cameron Kusher| Corelogic| 17 July 2017 https://www.corelogic.com.au/news/how-did-the-housing-market-perform-over-the-financial-year?utm_source=Newsletter&utm_medium=Email&utm_campaign=PP17JULY17 Over the past 20 financial years there have only been two years in which combined capital city dwelling values have fallen. Over the last financial year, combined capital…
James Mitchell| The Adviser| 15 June 2017 https://www.theadviser.com.au/breaking-news/36195-aggregator-warns-brokers-of-major-industry-changes The head of a major aggregator has told brokers to brace for multiple pricing and policy changes from all lenders, including the non-banks, as a “significant pull…
Miklos Bolza| Australian Broker| 13 June 2017 http://www.brokernews.com.au/news/breaking-news/annual-australian-house-prices-jump-7-7-237404.aspx Australia has experienced an upward trajectory in property prices over the past year, pushing it up the international leader board of property growth rates. Knight Frank’s Global House…
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