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April 26, 2016

Sydney broker cops permanent ban

ASIC has permanently banned a Sydney finance broker from engaging in credit activities and providing financial services. The corporate watchdog today announced that Ms Giulia Penna, of Five Dock, New South Wales was banned following […]
April 26, 2016

Victorian Government to set stricter rules on high-rise towers

Victoria is tightening its controls over Melbourne’s high-rise projects amid concerns the city is being overwhelmed with large, poorly-designed towers. A limit on the extent of development of each city site was introduced on an interim basis by Planning Minister […]
April 26, 2016

Negative gearing houses to stay but will be a major election issue

The federal government’s decision to rule out any changes to negative gearing has been met with some derision from economists but plenty of support from those invested in Australia’s residential property market. However, both sides said […]
April 22, 2016

CBA announces mortgage changes

One of Australia’s largest lenders has made several changes, including a new LVR cap, to its home lending criteria. CBA this week announced it has changed the eligibility requirements for home loan applications involving foreign […]
April 22, 2016

Australian home owners get smarter but house prices will ease: Deloitte

Australians are getting smarter at paying down their $1.5 trillion worth of outstanding home mortgages by increasing the use of offset accounts and taking advantage of lower interest rates a new mortgage report by Deloitte […]

March 7, 2016

Skills shortage set to drive finance salaries higher

In a recent survey, the firm found that the shortage of specialist skills will drive remuneration higher and provide job seekers with more opportunities. “As we move into a candidate-driven market, employers should be looking […]
March 3, 2016

Housing becomes top economic force

Australia’s real estate industry has risen to be the nation’s leading economic force, with recent figures from the Australian Bureau of Statistics illustrating its rise. According to the ABS figures, the real estate industry generated […]
March 1, 2016

ASIC slams car dealers flogging ‘junk’ life insurance, flags crackdown

IF YOU’VE purchased a car recently, there’s a chance you’ve been sold a lemon by a salesperson on commission. But it’s not the car — it’s the life insurance that goes with it. Banks and […]
March 1, 2016

Sydney house prices rise in February, Hobart the best performer

Sydney house prices rose 0.5 per cent in February, the second rise in 2016, but Hobart where prices rose 2.9 per cent was the best performer, followed by Adelaide and Brisbane. Prices in Melbourne rose […]
February 29, 2016

I was wrong on Australian house prices – Keen

“I was hopelessly wrong on house prices. Ask me how.” It’s about time I answered that question, isn’t it? In a nutshell, I got the cause of the Aussie House Price Bubble right, but the […]
February 26, 2016

Opinion: In defence of mortgage broking

When it comes to an accurate portrayal of Australian mortgage brokers, it seems the mainstream media have been watching too many movies. The Adviser contacted John Hempton, the Sydney-based chief investment officer of Bronte Capital who, […]
February 25, 2016

Australia’s big banks slap down claims of bad underwriting practices

The major banks slapped down claims that their underwriting practices are poor or that mortgage brokers are encouraging borrowers to lie. Shares bank stocks fell 2.8 per cent to 3.9 per cent after The Australian […]
January 13, 2016

It actually is panic stations now for limited AFSL applicants

Accountants who have not already started the training they need to complete before they can apply for a limited Australian financial services licence (AFSL) now stand little chance of meeting a June 30 deadline to […]
November 28, 2015

‘Super Saturday’ auctions in Sydney and Melbourne see strong clearance rates

Five hundred more auctions across Sydney and Melbourne on Super Saturday weekend compared to a week ago did nothing to cool auction clearance rates in either city.
November 10, 2015

Brokers snap up added market share: MFAA

The market share of new residential home loans originated by brokers and aggregators increased to 53.7% in the first quarter this year, according to a new report by the Mortgage & Finance Association of Australia […]