As technology continues to advance at an unprecedented pace, artificial intelligence (AI) has emerged as a game-changer in various industries. The mortgage lending sector is no exception, with AI-powered tools promising to simplify the process and assist borrowers in finding their ideal home loans. However, the question remains: will mortgage brokers be replaced by AI […]
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The Australian property market has been a topic of debate for many years, with many experts weighing in on the various factors that affect it. One of the current debates centers on the impact of low numbers of house starts leading to an undersupply of properties. This, combined with the forecast of high immigration levels, […]
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Tens of thousands of aspiring homeowners are likely to miss out on a new government scheme that would allow them to purchase a home with a 5 per cent deposit. The new First Home Loan Deposit Scheme, should help first home buyers enter the property market sooner, by providing 10,000 eligible Australians per year access […]
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Charbel Kadib| Mortgage Business| 3 September 2019 https://www.mortgagebusiness.com.au/breaking-news/13765-credit-curbs-in-sight-as-housing-rebound-accelerates Regulators could consider a fresh round of macro-prudential measures to keep debt levels at bay, according to one analyst, amid the growing possibility of a “V-shaped” recovery in the housing market. Property research firm CoreLogic has released its latest Hedonic Home Value Index, reporting a 0.8 per […]
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Elizabeth Knight| Sydney Morning Herald| 5 September 2019 https://www.smh.com.au/business/banking-and-finance/the-sleeper-issue-that-could-be-a-nightmare-for-banks-20190904-p52nxm.html?fbclid=IwAR1-l_n0GX76pGccwj4CkS-ahEmlWJVW8UmPsIccXUXHk0FrqSPMRa6V2DQ The application of the proposed ‘best interest duty’ for mortgage brokers could be the sleeper issue that raises the bar on bank competition, and eats away at the established dominance of the big four. The application of this test would require mortgage brokers to ensure their […]
[...]Pete Wargent BlogSpot| 13 September 2019 https://petewargent.blogspot.com/2019/09/whats-happening-with-lending-standards.html A bit of interesting chit-chat on the Twitter today concerning whether mortgage lending standards are looser, or tighter…or neither of the above. On the one hand, the minimum assessment rate for mortgages was lifted, and replaced by a minimum 250 basis points buffer as I looked at previously here (while […]
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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 have a simple way to set goals and put together a plan for your business. But many business planning methods are […]
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Landmark decisions mean that borrowing is getting easier, just as buyers are inching back into the property market. This week Westpac had a stunning court victory against the Australian Securities and Investments Commission on how banks should assess borrowers’ living expenses and the resultant impact on an applicant’s borrowing capacity. Justice Perram’s judgement noted that […]
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Lucy Dean| Yahoo Finance| 30 October 2021 $47,000 gone: Major new mortgage rules from Monday (yahoo.com) Australians hoping to buy property will be forced to prove they can repay their mortgage if rates rise 3 per cent, under new rules coming into place on Monday 1 November. The Australian Prudential Regulation Authority (APRA) announced the higher […]
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After a record-breaking year of property growth, the regulator has announced limitations on how much the banks can lend. Accredited Broker believes that this will have a minimal impact. In an effort to stop stellar growth, the banking regulator (APRA) will be requiring the banks to increase the interest rate at which they assess mortgage […]
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Michael Bleby| Australian Financial Review| 29 September 2021 https://www.afr.com/property/residential/housing-price-growth-tipped-to-slow-to-7pc-20210929-p58vsb Australia’s housing price growth will slow to 7 per cent next year as macroprudential controls add to the headwinds of worsening affordability, reduced immigration and incentives and possibly even higher mortgage rates, AMP Capital chief economist Shane Oliver says. Dr Oliver said he had already predicted […]
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Tim Lawless| Corelogic| 1 October 2021 https://www.corelogic.com.au/news/september-2021-home-value-index?utm_medium=email&utm_source=newsletter&utm_campaign=20211005_propertypulse CoreLogic’s national home value index rose another 1.5% in September, taking Australian housing values 17.6% higher over the first nine months of the year and 20.3% higher over the past 12 months. The annual growth rate is now tracking at the fastest pace since the year ending June […]
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Tim Lawless| Corelogic| 2 August 2021 https://www.corelogic.com.au/news/july-2021-home-value-index Australian housing values increased a further 1.6% in July, according to CoreLogic’s national home value index. The latest rise takes housing values 14.1% higher over the first seven months of the year and 16.1% higher over the past twelve months. CoreLogic’s research director, Tim Lawless, described the […]
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Euana Black| The New Daily| 1 July 2021 https://thenewdaily.com.au/finance/property/2021/07/01/australian-housing-fastest-growth-since-2004/ Sydney property prices increased by about $800 a day in June as the Australian housing market recorded its fastest annual growth since April 2004. Data released by CoreLogic on Thursday shows national property prices jumped by 1.9 per cent over the month on the back of […]
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