Get notifications in real-time for staying up to date with content that matters to you.
Brighter times may lie ahead for brokers as the RBA eases its stance on rates, but Australia’s property market could also be healthier than pundits would have the industry believe.
John Flavell, NAB Broker’s head of sales, told Mortgage Business as well as a pick-up in refinancing activity there are indications that the property market “is more robust than it is being given credit for”.
“With talk of interest rate cuts, the tight rental markets across the country and the gap between the cost of servicing debt and rent diminishing, I’d expect loan volumes to pick up across the board in coming months,” he said.
Mr Flavell said economic factors as well as property market fundamentals bode well for future activity.
“There is an increase in liquidity in the market; low unemployment, pent up demand, tight supply and rising rental yields will [also] all contribute to strong volumes ahead.”
Published: 07-08-08
Major bank overhauls assessment process
A big four bank has bolstered its assessment team and will priori...
Industry reacts to cash rate decision
The Reserve Bank of Australia has announced its decision to leave...
Ignorance of extended asset write-off a boon for brokers
More than a third of SMEs are unaware of the extended instant ass...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
