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Breaking News
ASIC goes to court to uphold credit laws
by Staff Reporter • 4 Jul 2014
ASIC has welcomed a $1.5 million fine against a consumer credit provider and launched civil proceedings against two...
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Housing approvals bounce back
by Staff Reporter • 4 Jul 2014
Building approvals have bounced back following several months of declines, according to the Australian Bureau of...
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CBA comments on financial planning scandal
by Staff Reporter • 3 Jul 2014
The Commonwealth Bank has announced an ‘open review program’ to investigate the advice failures at its financial...
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‘Rising leads’ driving broker recruitment at major group
by Nick Bendel • 3 Jul 2014
One of Australia’s largest broker groups has revealed plans to recruit another 100 brokers in response to strong...
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Lender cuts rates by 10 points
by Staff Reporter • 3 Jul 2014
One specialist lender has made changes to almost all of its prime and custom home loans.
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Identity theft is costing borrowers dear: credit expert
by Staff Reporter • 3 Jul 2014
Brokers need to alert clients to the dangers of identity theft and the impact it can have on their borrowing power,...
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Australia’s best investment property locations for $500,000
by Staff Reporter • 3 Jul 2014
One valuation firm has revealed the suburbs in Australia that should be targeted by investors with $500,000 to spend.
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Debtor finance firm appoints former Bank of Qld man as BDM
by Staff Reporter • 3 Jul 2014
Scottish Pacific has announced its second appointment in a week after confirming Bob Ada as its new BDM for Queensland...
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Higher commissions, new third-party player on the way?
by Nick Bendel • 2 Jul 2014
Brokers may see improved commissions, faster loan processing and a new third-party player in the next 12 months.
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Aussie rate cut ‘throws down gauntlet’ to big banks
by Staff Reporter • 2 Jul 2014
Aussie Home Loans said it has “thrown down the gauntlet to other major lenders” by reducing some of its rates to...
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Property prices reveal tale of two Australias
by Staff Reporter • 2 Jul 2014
Strong price growth in Australia’s two big cities has disguised the fact that other markets are much more subdued.
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Aggregators reveal in-house mortgage statistics
by Staff Reporter • 2 Jul 2014
First home buyer numbers have fallen significantly over the past 12 months, according to AFG statistics.
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Mortgage borrowers continue turning to variable rates
by Staff Reporter • 2 Jul 2014
Variable loans now represent more than three-quarters of Mortgage Choice’s volumes.
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Reserve Bank makes cash rate announcement
by Staff Reporter • 1 Jul 2014
The Reserve Bank of Australia has announced the outcome of its monthly board meeting.
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More winners than losers in strong 2013/14
by Nick Bendel • 1 Jul 2014
Publicly listed industry firms doubled the performance of the stock market in 2013/2014 – although the share price of...
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Pepper flags home loan rate cuts in comparison campaign
by Staff Reporter • 1 Jul 2014
One lender has said it might cut rates as part of a campaign to expose how some rivals “disguise fees”.
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Ex-Westpac broker boss joins MyState as CEO
by Staff Reporter • 1 Jul 2014
Westpac’s former general manager of mortgage distribution has been awarded the top job at another lender.
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Housing group says sales may have peaked
by Staff Reporter • 1 Jul 2014
New home sales may have peaked after 12 months of strong growth, but were offset by a decline in May.
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Banks small and large keep growing loan books
by Staff Reporter • 1 Jul 2014
The latest APRA statistics highlight the growth in the market, with all but one of the top lenders increasing its loan...
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Senate tells ASIC to lift its game
by Nick Bendel • 30 Jun 2014
ASIC has been told to improve its performance and pay close attention to brokers and other advisers who may be acting...
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Star firm scooping up clients rejected by other brokers
by Nick Bendel • 30 Jun 2014
One fast-rising brokerage has started reaping the rewards of a scheme that ‘coaches’ clients into finance over one...
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‘Generating referral business isn’t difficult’ in Canberra
by Nick Bendel • 30 Jun 2014
The city ranked as Australia’s most liveable place has been praised by brokers for having high-income residents who...
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Brokers urged to support investment property regulation
by Staff Reporter • 30 Jun 2014
Brokers have been urged to join planners and accountants to push for regulation in the investment property sector.
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Fewer migrants could mean less housing
by Staff Reporter • 30 Jun 2014
Australia may experience a drop in housing demand after attracting fewer migrants than in previous years.
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NAB questions volume incentives
by Nick Bendel • 27 Jun 2014
Volume bonuses have been put back on the agenda after one major bank questioned the practice.
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