Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Conveyancers hit hard by property market slow down

Staff Reporter 1 minute read

Broker referral partners are feeling the brunt of a slower housing market and an overall weaker economy with the conveyancing industry recording a steep drop in business over 2008.

Australian Institute of Conveyancers president Pauline Barrow said tighter lending practices, a reluctance of owners to sell and employment uncertainty among buyers had seen conveyancing business fall by up to 40 per cent, Perth Now reported today.

Ms Barrow also warned that the slowdown would result in further retrenchments in the industry in coming months.

 

Conveyancers hit hard by property market slow down
default
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

default

 

more from the adviser
ASIC TA ASIC levy reflects ramped up enforcement: FBAA

ASIC’s raised industry funding levies reflect higher enforcemen...

money piggy 2ad3 Lockdowns threaten business loan demand: Equifax

Construction and retail trade have fuelled business loan growth i...

mortgage money house 48% of home loan applicants frustrated by paperwork

The majority of Australian borrowers think applying for a home lo...