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Michael Russell

‘We're many years away from robo-advice’, says brokerage head
by Reporter • 17 Aug 2017
The managing director of a national brokerage has reassured brokers that the industry is “many years away” from... READ MORE
increase in demand

Brokers flock to mutuals as big bank sentiment sours
by James Mitchell • 17 Aug 2017
A handful of Australia’s mutual lenders have seen a significant increase in demand from the broker channel as... READ MORE
Property

More investors sacrificing lifestyle to buy property
by Julianne Leybag • 16 Aug 2017
New research shows that more Australian investors are choosing to sacrifice their lifestyle in order to buy... READ MORE
Upward

IO restrictions see non-majors lift rates
by Lucy Dean • 16 Aug 2017
Heritage Bank is the latest entrant to the interest-only hiking club, introducing rate increases of up to 40 basis... READ MORE
CBA

Opinion: Is CBA shorting mortgage brokers?
by James Mitchell • 16 Aug 2017
Australia’s biggest bank is under fire, and for good reason. But will CBA’s complete ownership of Aussie Home Loans... READ MORE
australia post mortgage space

Australia Post 'excited' about the mortgages market
by Reporter • 16 Aug 2017
The postal services company has revealed that it is “excited about the mortgages space” and is in talks with the... READ MORE
Thumbs down, not recommended

It ‘no longer makes sense’ to recommend IO loans
by Lucy Dean • 15 Aug 2017
Faced with increasing rates on interest-only loans, 'competent' brokers should only recommend principal and interest... READ MORE
Money

Brokers settled 'record' $49bn in June quarter
by Julianne Leybag • 15 Aug 2017
Australian finance brokers settled a “record” $49.46 billion worth of residential home loans in the June 2017... READ MORE
Heritage Bank

Heritage praises third-party team following strong growth
by James Mitchell • 15 Aug 2017
Mutual lender Heritage Bank has recognised its broker distribution team with an award for best overall performance at... READ MORE
Competition

REA lacks ‘competitive advantage’ in broker channel
by James Mitchell • 15 Aug 2017
Analysts have echoed the concerns of existing players in warning that the real estate giant’s move into mortgages... READ MORE
Mark Bouris

Bouris eager to innovate amid APRA crackdown

by James Mitchell • 15 Aug 2017
Mark Bouris has outlined how Yellow Brick Road could move further into product manufacturing as the banks fail to meet... READ MORE
Investment plans

‘Best’ investment plans have realistic buffers: Financial Mappers
by Lucy Dean • 14 Aug 2017
To produce a resilient financial plan, investors need to understand the political and regulatory climate domestically... READ MORE
MyState Bank

MyState Bank revamps online broker portal
by Reporter • 14 Aug 2017
The Tasmanian bank has redesigned its online broker portal as part of its broker channel strategic investment program. READ MORE

Frank Ganis joins major brokerage

by James Mitchell • 14 Aug 2017
Mortgage veteran Frank Ganis has joined a national mortgage brokerage after stepping down from his role as executive... READ MORE
Businessman

85% of broker workload ‘immune’ to automation
by Lucy Dean • 14 Aug 2017
Just 15 per cent of broker tasks are susceptible to automation, placing brokers on the lower end of the risk spectrum,... READ MORE
Diversity

Necessity of diversity in brokerage staff a ‘no-brainer’
by Lucy Dean • 11 Aug 2017
Without engaging a diverse workforce, brokerages risk having 'blind spots' in terms of opinions, skills and clientele,... READ MORE
cba commonwealth bank cut interest rates home loans

Major bank cuts rates by 55 bps
by Lucy Dean • 11 Aug 2017
The Commonwealth Bank has announced a raft of changes to interest rates on owner-occupied and investor home loans, with... READ MORE
RBA

'We have done enough' on mortgage curbs, says RBA
by James Mitchell • 11 Aug 2017
The Reserve Bank governor has told a parliamentary hearing about Australia’s “problematic” relationship and... READ MORE
NAB

Industry ‘needs to make adjustments’ to commissions: NAB
by Reporter • 11 Aug 2017
The major bank has said that the industry “needs to make adjustments to the standard commission model” to ensure... READ MORE
CBA

CBA to reduce commissions ‘imminently’: UBS
by Lucy Dean • 10 Aug 2017
The Commonwealth Bank will likely reduce 'spiralling' broker commissions in the near future in line with the Sedgwick... READ MORE
Handcuffs, jail

Former mortgage broker jailed for 8 years
by Reporter • 10 Aug 2017
A former mortgage broker has been sentenced to 8 years and 9 months imprisonment for deceptions totalling $1.902... READ MORE
Banknotes

Pepper accepts $675m takeover deal
by Reporter • 10 Aug 2017
Non-major lender Pepper has confirmed that it has accepted a takeover offer from California-based investment manager... READ MORE
NAB

Major bank combats channel conflict, says brokers a ‘strategic’...
by James Mitchell • 10 Aug 2017
One of Australia’s largest mortgage providers is using its existing branch network to strengthen the broker-client... READ MORE
Trophy

Women in Finance finalists revealed
by Reporter • 10 Aug 2017
The finalists for the inaugural Women in Finance Awards have been announced, including many representatives and... READ MORE
New appointment

MoneyQuest makes four new appointments
by Staff Reporter • 9 Aug 2017
MoneyQuest managing director Michael Russell has announced that the company has made four new appointments. READ MORE