Credit Policy Changes That Matter More Than Headline Rates
14 September 2026
Malavika Santhebennur| Mortgage Business| 17 February 2021 Mortgage applications surged in the December quarter amid a slump in consumer credit applications, with WA the standout, according to data. Figures from data company Equifax have revealed that mortgage demand (which includes loans for new properties and refinancing) continued to trend upward, with home loan applications for […]
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Great news for anyone planning to take out a home loan – new legislation means consumers are even better protected when they use a mortgage broker. But banks do not have the same responsibility towards borrowers. This means that consumers can have even more confidence in brokers The Best Interests Duty, which took effect this […]
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“Old generals always fight the previous war” goes the old adage – many of the old arguments are being rolled out by both sides in the proposed changes to Responsible Lending rules. But, as we enter 2021 and a likely busy property market, Accredited Broker believes Responsible Lending is yesterday’s argument. At the heart of […]
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Tim Lawless| Corelogic| 18 November 2020 https://www.corelogic.com.au/news/could-household-debt-levels-be-trigger-another-round-credit-tightening?utm_medium=email&utm_source=newsletter&utm_campaign=20201123_propertypulse&utm_content=pp_blog%20 Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990 to a recent peak of 188.5% in June 2019. Since June last year, the ratio has reduced slightly to 185.0%. […]
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Anna Bligh| Sydney Morning Herald| 25 November 2020 https://www.smh.com.au/business/banking-and-finance/australia-s-lending-laws-are-overdue-for-an-overhaul-20201125-p56hq8.html They say a week is a long time in politics. If that’s true – eleven years is an eternity. That’s how long it’s been since the Australian parliament passed the National Consumer Credit Protection Act to “modernise Australia’s consumer credit laws”. It was 2009; smack in […]
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Annie Kane| Mortgage Business| 25 November 2020 https://www.mortgagebusiness.com.au/breaking-news/15166-declining-mortgage-rates-expected-to-continue-rba The average mortgage interest rate paid by households is expected to continue to decline “for a while yet”, according to the central bank. Speaking at the Australian Business Economists Webinar on Tuesday (24 November), the deputy governor of the Reserve Bank of Australia (RBA), Guy Debelle, noted […]
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