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Breaking News
Economist warns of new GFC in 2015
by Staff Reporter • 15 Jul 2014
The World Competitiveness Center has predicted that a global financial crisis is likely, and not enough action is being...
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Adelaide Bank cuts fixed rates by 40 points
by Staff Reporter • 14 Jul 2014
Adelaide Bank has dropped its SmartFix five-year fixed rate to an “historic low” of 5.34 per cent.
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Brokers reveal why they would switch aggregator
by Staff Reporter • 14 Jul 2014
Younger brokers place greater emphasis on commissions than veterans, while women are more concerned about compliance...
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Brokers turn to business coach to run nine-office empire
by Nick Bendel • 14 Jul 2014
The trio that own nine Mortgage Choice franchises have paid tribute to their business coach after being recognised as...
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Two days left to become Australia’s smartest broker
by Staff Reporter • 14 Jul 2014
A record number of brokers have entered the $5,000 annual competition that determines who has the industry’s sharpest...
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Housing finance declines in May
by Staff Reporter • 14 Jul 2014
The case for leaving interest rates on hold has strengthened after new data showed housing finance commitments appear...
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CBA appoints respected judge to lead inquiry
by Staff Reporter • 14 Jul 2014
The Commonwealth Bank has appointed former judge Ian Callinan as chairman of the bank’s independent review into the...
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Banks can afford bigger commissions, say brokers
by Nick Bendel • 11 Jul 2014
Brokers have given their verdict on the big four’s commission structures while also calling on all lenders to share...
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Third-party channel writing only 22pc of reverse mortgages
by Nick Bendel • 11 Jul 2014
An annual reverse mortgage report has revealed a large opening for brokers, even though the market has stalled.
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Loan Market boss calls for extra stamp duty for foreign investors
by John Bastick • 11 Jul 2014
The head of one of Australia’s top franchise groups has called on governments to impose an additional stamp duty on...
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Property confidence up in NSW, down in WA
by Staff Reporter • 11 Jul 2014
Confidence across the property sector remains buoyant despite signs that it is easing, according to a survey conducted...
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Australian students pass the test for financial literacy
by Staff Reporter • 11 Jul 2014
School students have flown the flag for Australia, ranking highly in the first international study of students’...
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Victorian broker banned by ASIC
by Staff Reporter • 10 Jul 2014
ASIC has announced today that it has permanently banned a Victorian broker due to a “misleading” credit licence...
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Brokers offered real estate commissions in new scheme
by Nick Bendel • 10 Jul 2014
A new real estate scheme has been created in response to the controversial practice of developers paying excessive...
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Spruikers are in ‘prime position to write the loan’
by Staff Reporter • 10 Jul 2014
Brokers who are sick of losing deals to property spruikers have been advised to actively warn clients about the...
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Credit demand went backwards in 2013/2014: Veda
by Staff Reporter • 10 Jul 2014
Weak consumer confidence and soft income growth have driven a three per cent drop in consumer credit demand, according...
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Big rent jumps for Melbourne houses, Sydney units
by Staff Reporter • 10 Jul 2014
There is bad news for tenants in Sydney and Melbourne with rent prices on the rise, according to a report by Australian...
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Broker pleads guilty to $3.6m home loan fraud
by Staff Reporter • 9 Jul 2014
A Sydney broker has pleaded guilty to four charges of fraud, ASIC announced today.
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Adelaide Bank cuts fixed rates by 20 points
by Staff Reporter • 9 Jul 2014
Adelaide Bank has announced a cut of 20 basis points to one of its home loan products.
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Yellow Brick Road announces Resi acquisition
by Nick Bendel • 9 Jul 2014
Yellow Brick Road announced this morning that it has signed an agreement to acquire Resi Mortgage Corporation for $36...
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Australian First Mortgage cuts fixed rates by 40 points
by Staff Reporter • 9 Jul 2014
Australian First Mortgage has wasted little time unveiling another round of rate cuts, with fixed rates falling by up...
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Australia’s top 20 building and population hotspots revealed
by Huntley Mitchell • 9 Jul 2014
Brokers in Australia’s leading building and population hotspots have revealed the strong market conditions in their...
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Bank decision could ‘cause enormous harm to developers’
by Staff Reporter • 9 Jul 2014
Changes to lending criteria for survey-strata house and land contracts could stop many current off-the-plan projects, a...
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Tax refunds to be used on mortgages and other debt
by Staff Reporter • 9 Jul 2014
More than one in five Australians plan to use their tax refund to pay down their mortgage, according to new research.
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Westpac makes 49-point rate cut
by Staff Reporter • 8 Jul 2014
Westpac has discounted its variable rate to 4.84 per cent in a bid to tempt first home buyers.
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