Mortgage Brokers to get 75% of market

Mortgage brokers now arrange more loans than lenders do directly. 59.7 per cent of home loans are now arranged...
Labor to end negative gearing concessions for new investors on January

Labor to end negative gearing concessions for new investors on January 1

Henry Belot| The New Daily| 29 March 2019 https://thenewdaily.com.au/news/national/2019/03/29/labor-negative-gearing-concessions/ A Labor government would scrap negative gearing...
ANZ and NAB bosses say banks are still 'ready to lend' amid responsible lending clampdown

ANZ and NAB bosses say banks are still ‘ready to lend’ amid responsible lending...

Stephanie Chalmers| ABC Online| 27 March 2019 https://www.abc.net.au/news/2019-03-27/anz-and-nab-bosses-face-parliamentary-grilling/10943760?section=business The bosses of ANZ and NAB have told...
Coalition backs down on ending trail commissions for mortgage brokers

Coalition backs down on ending trail commissions for mortgage brokers

Philip Coorey, John Kehoe & Natasha Gillezeau| Australian Financial Review| 12 March 2019 https://www.afr.com/news/politics/coalition-backs-down-on-ending-trail-commissions-for-mortgage-brokers-20190312-h1caoj The federal...
Labor rejects royal commission via mortgage broker backflip

Labor rejects royal commission via mortgage broker backflip

Christopher Joye| Australian Financial Review| 22 February 2019 https://www.afr.com/personal-finance/banking/labor-rejects-royal-commission-via-mortgage-broker-backflip-20190222-h1bkzj?fbclid=IwAR1A7I8Hdf-hMrm_20dXN6ONb9LaFaDe_DLCd53WILyaj8nukz9Go78B-5E Labor has made an important policy backflip...
Labor proposes fixed-rate commission for mortgage brokers

Labor proposes fixed-rate commission for mortgage brokers

Amy Remeikis| The Guardian| 22 February 2019 https://www.theguardian.com/australia-news/2019/feb/22/labor-proposes-fixed-rate-commission-for-mortgage-brokers?fbclid=IwAR3vBnEVU1qAuaoysKM8ivuhkWx2YR_T5kP8sUCF0dPjZ1SJeT8gd2J-3qA Labor has backed away from the royal commission’s...
Interest rates not the real barrier to rebooting of property market

Interest rates not the real barrier to rebooting of property market

Ingrid Fuary-Wagner| Australian Financial Review| 8 February 2019 https://www.afr.com/real-estate/interest-rates-not-the-real-barrier-to-rebooting-of-property-market-20190207-h1ayrq A possible cut to interest rates this...
Aussie’s James Symond says Hayne change will destroy mortgage competition

Aussie’s James Symond says Hayne change will destroy mortgage competition

James Eyers| Australian Financial Review| 15 February 2019 https://www.afr.com/business/banking-and-finance/aussies-james-symond-says-hayne-change-will-destroy-mortgage-competition-20190215-h1bang The elimination of mortgage broking trailing commissions...

Morrison backs brokers despite warning from banking royal commission

Shane Wright & Clancy Yeates| Australian Financial Review| 11 February 2019 https://www.smh.com.au/politics/federal/morrison-backs-brokers-despite-warning-from-banking-royal-commission-20190211-p50wzv.html?fbclid=IwAR0tLu7eaQNlNrPuyQ-UnAWDDPD077cybyd1B7TrHHb-8SOYBDGvKbFVfME Scott Morrison has backed...

‘Right to be cautious’: Philip Lowe, Matt Comyn back a role for mortgage brokers

James Eyers| Australian Financial Review| 6 February 2019 https://www.afr.com/business/banking-and-finance/right-to-be-cautious-philip-lowe-matt-comyn-back-a-role-for-mortgage-brokers Reserve Bank governor Philip Lowe has backed...