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New Rules Mean Brokers Have to Work in Client’s Best Interest

New Rules Mean Brokers Have to Work in Client’s Best Interest

New Rules Mean Brokers Have to Work in Client’s Best Interest ASIC has confirmed brokers will be obliged to act in the best interests of borrowers by 2021. Under the new rules, mortgage brokers will

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Banks to have more flexibility in assessing loan applications

Banks to have more flexibility in assessing loan applications

Banks to have more flexibility in assessing loan applications Westpac Banking Corp has won a significant victory in the Federal Court on its interpretation of responsible lending duties. The court backed Westpac's arguments that the

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Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.

Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.

20 March 2020 Australian Banking Association CEO Anna Bligh today announced a small business relief package from Australia’s banks. “This Assistance Package will apply to more than $100bn of existing small business loans and depending

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Investors Look at Options in Downward Market

Investors Look at Options in Downward Market

REAL ESTATERENEE MCKEOWNMON 30 MAR 20 Investors Look at Options in Downward Market Investors are looking at their options with homes pulled off the market, leases extended and auction clearance rates dropping in-line with Covid-19

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Just as the property market was getting into its stride, Coronavirus arrived!

Just as the property market was getting into its stride, Coronavirus arrived!

Thankfully the banks and government appear to have stepped up to the plate – one economist calculates that the total economic stimulus offered by the government is the equivalent of an 11 per cent boost

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Existing borrowers gouged by banks offering new mortgage discounts, RBA says

Existing borrowers gouged by banks offering new mortgage discounts, RBA says

Are you one of those people who spend hours online or in stores trying to find the best discount on the latest gadget or fashion item?If the answer is yes and you also have a

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Older Australians who own their home more than 20 times better off than those who rent, data shows

Older Australians who own their home more than 20 times better off than those who rent, data shows

Exclusive Australian Bureau of Statistics data has revealed the staggering difference in wealth of older Australians in owner-occupied households compared to those that rent.Key points:- Those who own property as they approach retirement are much

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The Time Log

The Time Log

https://youtu.be/vCXIauZPwPs Anil Puri │ Director, Chan & Naylor Business Coaching [Link to the Time Log template] If you are like a lot of our clients, then lack of time can be a real issue for

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Achieve More By Using This Simple Business Planning Method

Achieve More By Using This Simple Business Planning Method

https://youtu.be/Rpoy-zuEK3M Anil Puri │ Director, Chan & Naylor Business Coaching From our experience working with finance brokers and real estate agents over the years, one of the key ways to guarantee better results is to

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Welcome to the Brave New World

Welcome to the Brave New World

‘The heavy lifting has been done’ according to APRA and the banks’ lending practices are now on a sounder footing. ·       With many of APRA’s speed bumps now removed, does that mean that there will

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Accredited Broker