Breaking News

Brokers welcome SA stamp duty changes for FHBs
by Annie Kane • 21 Jun 2023
South Australian brokers have welcomed the state government’s move to scrap stamp duty for first home buyers who... READ MORE

Resimac moves to buy Thorn’s asset finance portfolio
by Annie Kane • 21 Jun 2023
The non-bank lender is set to acquire the majority of the asset finance portfolio from diversified financial services... READ MORE

48% of small businesses concerned about financial future: Xero
by Adrian Suljanovic • 21 Jun 2023
Almost half of small-business owners are worried about their business’s financial future, a new report has found. READ MORE

Housing lending up in May: CBA
by Adrian Suljanovic • 21 Jun 2023
The major bank has reported that new housing lending increased during May. READ MORE

MFAA backs AFCA’s early triage scheme

by Annie Kane • 20 Jun 2023
The broker association has backed a proposal that would grant the financial complaints body “discretion” to close a... READ MORE

AFG and Brighten announce white label partnership
by Reporter • 20 Jun 2023
AFG brokers will soon be able to access a new white label product, funded by Brighten Home Loans. READ MORE

Mortgage Choice and Athena launch loan without the ‘loyalty tax’
by Annie Kane • 19 Jun 2023
Mortgage Choice and Athena Home Loans have launched a suite of mortgages designed to help borrowers avoid ‘loyalty... READ MORE

Pricing now top priority in broker recommendations: TPLR
by Annie Kane • 19 Jun 2023
Product pricing is now the leading attribute for brokers making lender recommendations to clients, the Third-Party... READ MORE

Cash property purchases surge: PEXA
by Adrian Suljanovic • 19 Jun 2023
Over a quarter of residential property transactions in Australia’s eastern states were funded without a mortgage... READ MORE

More banks expect rate hike in both July and August
by Annie Kane • 19 Jun 2023
Westpac has joined the growing number of economists forecasting a double hit to the cash rate in the next two months. READ MORE

Resimac’s Rodney Cottam to run 500km in 106 hours
by Reporter • 16 Jun 2023
After having run 350km* over five days last year, Resimac regional sales manager Rodney “Rocket” Cottam has set... READ MORE

Compare n Save partners with BGL
by Annie Kane • 16 Jun 2023
The mortgage broking fulfilment fintech has been selected to provide loan comparison solutions to BGL’s Simple Fund... READ MORE

Hot Property: The biggest property headlines from week 12–16 June
by Adrian Suljanovic • 16 Jun 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 16... READ MORE

Broker clients overwhelmingly getting a better deal: Assistant...
by Annie Kane • 15 Jun 2023
Stephen Jones MP, Assistant Treasurer and Financial Services Minister, has flagged that broker clients are “finding a... READ MORE

8 non-banks leading the way on products, say brokers
by Reporter • 15 Jun 2023
Brokers have had their say and eight non-bank lenders have come out on top for the Non-Bank Product of Choice Survey... READ MORE

Registrations open for SME Broker Bootcamp 2023
by Malavika Santhebennur • 15 Jun 2023
For the first time ever, the free bootcamp will unpack the entire SME lending journey and provide tips on how brokers... READ MORE

New open banking platform launches for brokers
by Annie Kane • 14 Jun 2023
Mortgage brokers can access live loan information for all their customers using a new open banking platform, Pup. READ MORE

June rate hike passed on by banks
by Adrian Suljanovic • 14 Jun 2023
The central bank’s most recent rate hike has been passed on by the nation’s banks. READ MORE

ASIC bans credit broker following fraud convictions
by Adrian Suljanovic • 14 Jun 2023
The regulatory body has permanently banned a Sydney-based credit broker from providing financial services or engaging... READ MORE

65% of broker back book not on most competitive loan
by Annie Kane • 14 Jun 2023
Nearly two-thirds of a broker’s existing mortgage clients could be on a better offer, new data from loan book... READ MORE

Buffer changes benefit 3 in 10 mortgage prisoners
by Annie Kane • 14 Jun 2023
Thirty per cent of ‘mortgage prisoners’ may now be able to refinance, as more lenders reduce serviceability... READ MORE

Lendi Group regains lost market share
by Reporter • 13 Jun 2023
The mortgage broking group has announced it has regained lost market share two years on from its merger with Aussie... READ MORE

MONEYME launches discounted EV loans
by Reporter • 13 Jun 2023
The digital lender has announced the launch of discounted rates on loans for electric vehicles. READ MORE

Australian banking outlook ‘deteriorating’: Fitch
by Reporter • 13 Jun 2023
Sharemarkets have been rattled by the ratings agency’s decision to downgrade the outlook for Australian and New... READ MORE

Rent freezes and rent caps must be put to rest: REIA
by Reporter • 13 Jun 2023
The Real Estate Institute of Australia (REIA) is urging an end to the prolonged speculation surrounding rent freezes,... READ MORE