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Breaking News
Cash rate to stay at 2.5pc until Sep 2015: RBA
by Nick Bendel • 17 Sep 2014
The official cash rate will remain at a record-low 2.5 per cent “for the next year at least”, according to the...
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PLAN focuses on benchmarking and software as it turns 15
by Nick Bendel • 17 Sep 2014
PLAN Australia has unveiled a new benchmarking system for its 1,300 brokers as it prepares to celebrate its 15th...
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Big banks can sell home loans but not super: Roy Morgan
by Staff Reporter • 17 Sep 2014
The big four banks are good at selling home loans and credit cards but struggle to cross-sell superannuation.
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Sydney broker convicted of $3.6m loan fraud
by Staff Reporter • 16 Sep 2014
ASIC has helped convict a Sydney broker who created false documents in an attempt to secure more than $3.6 million of...
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Loan Market diversifies into financial planning
by Staff Reporter • 16 Sep 2014
Loan Market has advertised for experienced financial planners to join its new advice business.
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Tim Brown turns TV star in business reality show
by Nick Bendel • 16 Sep 2014
Prominent industry figures Tim Brown and Murray Lees have joined a Sydney broker in a business mentoring reality show.
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Smartline named best franchise in Australia
by Nick Bendel • 16 Sep 2014
Smartline Personal Mortgage Advisers has beaten more than 1,000 other groups to be named Australia’s top franchise.
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Buy real estate in cities not regional areas: John Symond
by Staff Reporter • 16 Sep 2014
Almost half of properties in Australia’s capital cities are selling for more than their listing price, according to...
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Survey reveals savings goals and techniques
by Staff Reporter • 16 Sep 2014
Property is the most popular goal for people who are actively saving money, according to new research.
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Debate continues about mixing broking and planning
by Nick Bendel • 15 Sep 2014
The convergence debate shows no signs of ending, with industry figures continuing to dispute whether brokers should...
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E-conveyancing will mean more competition, inquiry told
by Nick Bendel • 15 Sep 2014
An emerging mortgage technology has been hailed as a way for smaller lenders to “capture a greater share of the...
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Sintex cuts rates, adds commissions
by Nick Bendel • 15 Sep 2014
Sintex has cut its variable rates and introduced upfront payments for commercial loans.
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Pre-GFC glory days return as house sales reach six-year highs
by Staff Reporter • 15 Sep 2014
House sales have reached their highest levels since before the GFC, although they may have peaked, according to new...
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Suncorp Bank creates new tier of broker support
by Staff Reporter • 15 Sep 2014
Suncorp Bank has boosted its broker support by hiring seven business development officers to work alongside its BDMs.
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CBA turnaround times back on track
by Nick Bendel • 12 Sep 2014
Commonwealth Bank has returned its SLAs to normal levels after reports that the lender had struggled to maintain...
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Six months on, new credit rules yet to impress
by Nick Bendel • 12 Sep 2014
The new credit rules that began exactly six months ago appear to have gone unnoticed even though they are expected to...
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Small banks have ‘major disincentive to growth’
by Nick Bendel • 12 Sep 2014
The federal government has been warned that existing capital rules reduce the incentive for smaller banks to challenge...
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Price growth below inflation in two capital cities
by Staff Reporter • 12 Sep 2014
Hobart has joined Sydney and Melbourne as fast-moving markets, while Perth and Darwin appear to be stagnating.
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Bank and mortgage manager form strategic alliance
by Staff Reporter • 12 Sep 2014
Ballast Finance’s wholesale mortgage management arm has signed a strategic alliance with Tasmanian lender MyState.
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Broker jailed, more charges may follow
by Staff Reporter • 11 Sep 2014
An Adelaide broker has been jailed for more than two years after being found guilty of stealing $170,000.
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New app promises to cut loan processing from weeks to minutes
by Staff Reporter • 11 Sep 2014
FBAA members will soon have access to a real-time verification tool that could cut three weeks from the mortgage...
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Smaller banks confident of gaining ground on big four
by Nick Bendel • 11 Sep 2014
Non-major banks have promised brokers faster turnarounds and better BDM support as they look to challenge the big...
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Verifying credit files can mean cheaper loans: credit repair agency
by Nick Bendel • 11 Sep 2014
Brokers can turn clients into “raving fans” by helping them correct their credit reports, according to one credit...
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Housing finance commitments jump 18.2pc
by Nick Bendel • 11 Sep 2014
Strong building activity has been forecast for the next three years after new data showed surging growth in the...
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Parliament told broker education is ‘manifestly inadequate’
by Nick Bendel, Huntley Mitchell • 10 Sep 2014
Brokers should be required to attain university degrees because current qualifications are “manifestly inadequate”,...
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