February 24, 2017

Mortgage giant to grow broker numbers by 40%

An ASX-listed mortgage group has revealed that it is looking to expand its broker presence, with capacity to increase its broker franchise footprint from 425 to 594 in the near future.
February 23, 2017

APRA announces fresh guidance on mortgage lending

The prudential regulator has today updated its expectations for sound residential mortgage lending for Australian banks. APRA released for consultation a revised draft of Prudential Practice Guide APG 223 Residential Mortgage Lending in October 2016 […]
January 13, 2017

Outlook for property sector optimistic for 2017

The latest ANZ-Property Council survey has revealed that sentiment in the property sector has risen to a two-year high, supported by stronger expectations of economic growth and capital values.
January 11, 2017

Increasing job demand for brokers and BDMs

Mortgage brokers, broker business development managers and consumer lending BDMs — particularly those with strong referral networks and broker relations — are in increasing demand, according to a recruitment agency.
January 9, 2017

Make sure you’ve read these 27 important finance books

“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none,” Berkshire Hathaway vice chairman Charlie Munger once said. With that in […]

January 3, 2017

House prices defy predictions in 2016 by rising more than 15pc

Home prices defied forecasts they would stagnate in 2016 to grow more than they did during the “boom” year of 2015, according to year-end figures from property research firm CoreLogic.
December 28, 2016

‘Desirable’ lifestyle makes us feel wealthy, NAB survey finds

Australians are prioritising their quality of life over the size of their pay packet, with almost one in three saying that having spare time and being able to stump up cash to help family and […]
December 27, 2016

SMSF dilemma: what to do with contribution that went into wrong account

You can “hide” assets from Centrelink but make sure you check your partner’s age pension age, writes Sam Henderson who answers your questions on super.
December 17, 2016

Young home buyers back to smashed avo after no-change housing inquiry

Young people will have to rely on their elders’ helpful advice for saving for their first home – get a good job, have rich parents and stop buying smashed avocado for breakfast – after a […]
December 16, 2016

Borrowers hit by higher rates on 130 mortgage products

Mortgage lenders, including the big four banks, have raised the cost of nearly 130 products in the past four weeks, driving increasing numbers of borrowers into fixed rates, analysis of lending data reveals. This article […]
December 9, 2016

Melbourne set for auction avalanche as vendors rush to sell before Christmas

Melbourne is preparing for an avalanche of almost 2400 auctions just two weeks before Christmas, with the market finishing the year with a record-breaking weekend.
December 8, 2016

Industry needs ‘higher barrier’ for entry

One of the country’s top brokers has said he would like to see a higher barrier for entry into the broking industry and that he’d like to “see it enforced”. One of the country’s top […]
December 7, 2016

Clients “less happy” with online brokers

A new report by ACA Research has found that despite the added convenience and accessibility of online brokers, comparison websites and other digital loan services, clients are routinely less satisfied than those opting for more […]
December 7, 2016

Housing investors bear the brunt of bank repricing

Commonwealth Bank of Australia and ANZ Banking Group may follow National Australia Bank and Westpac Banking Corp and increase interest rates on investor or interest-only housing loans to prevent them being swamped with mortgage applications […]
December 5, 2016

Capital city clearance rate remains strong for the first week of Summer at 75 per cent, while the number of auctions has fallen week-on-week

The combined capital city preliminary clearance rate rose this week to 75.0 per cent, up from last week’s final clearance rate of 73.0 per cent. This week’s auction market results indicate that clearance rates are […]