David Scutt| Business Insider| 6 June 2017 https://www.businessinsider.com.au/anz-the-days-of-rapid-house-price-growth-in-australia-are-over-2017-6 After years or rollicking growth, led by Australia’s largest cities Sydney and Melbourne, Australian house price growth is expected to slow sharply over the next two years,…
Narayanan Somasundaram| Business Insider| 26 May 2017 https://www.businessinsider.com.au/here-are-4-reasons-why-the-nab-isnt-concerned-about-apartment-oversupply-2017-5 Rising supply of homes is worth monitoring but it is not alarming yet, given the pent up demand over the years, according to National Australia Bank. Construction…
James Mitchell| The Adviser| 22 May 2017 https://www.theadviser.com.au/breaking-news/36100-major-banks-change-third-party-strategy Two of Australia’s big four banks have changed their appetite for broker-originated loans in a move that could curb the growth of the third-party channel, according to…
MFAA| 17 May 2017 https://www.mfaa.com.au/News/Pages/A-boost-for-broker-market-share-in-the–March-2017-quarter.aspx According to research group ‘comparator’, a CoreLogic business, finance brokers originated at least $46 billion in new home loans* during the March 2017 quarter. This result represents the largest by…
Michael Janda| ABC| 25 April 2017 http://www.abc.net.au/news/2017-04-24/housing-market-top-called-by-investment-bank-ubs/8466198?section=business The Australian housing market has peaked in the opinion of economists from global investment banking giant UBS. The bank’s economics team said it usually takes rising official interest…
James Mitchell| The Adviser| 21 April 2017 https://www.theadviser.com.au/breaking-news/35978-commissions-to-change-despite-no-evidence-of-poor-outcomes A mortgage industry veteran has highlighted that both the ASIC and Sedgwick reviews — the latter of which has recommended sweeping changes to broker commissions — are not…
Miklos Bolza| Australian Broker| 20 April 2017 http://www.brokernews.com.au/news/breaking-news/first-home-buyers-back-in-double-digits-235374.aspx New data from aggregator Australian Finance Group (AFG) has shown the number of first home buyers is on the rise nationally. In the AFG Mortgage Index for the third…
Stephen Letts| ABC| 24 March 2017 http://www.abc.net.au/news/2017-03-24/why-chinese-investors-keep-buying-australian-property/8385174?section=business It is said real estate is all about “position, position, position”. Perspective could equally be thrown into the equation as well, and from the perspective of China’s rapidly…
Miklos Bolza| Australian Broker| 20 March 2017 http://www.brokernews.com.au/news/breaking-news/lets-not-blame-the-brokers-medcraft-234242.aspx The chairman of the Australian Securities and Investments Commission (ASIC), Greg Medcraft, has defended the broker channel after the release of the regulator’s controversial Review of Mortgage…
James Mitchell| SME Adviser| 7 March 2017 https://www.smeadviser.com.au/news/64-apra-sounds-alarm-on-commercial-property-risks Following a recent review, the prudential regulator has today warned that many banks have fallen “well short of expectations” regarding portfolio controls for commercial property. In a…
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