• 28/04/2025

Author: Accredited Broker

Accredited Broker

The RBA is now considering the drastic measure of negative interest rates — meaning you could be paid to borrow money from the bank

The RBA is now considering the drastic measure of negative interest rates — meaning you could be paid to borrow money from the bank

Jack Derwin| Business Insider| 12 August 2019 https://www.businessinsider.com.au/the-rba-is-now-considering-the-drastic-measure-of-negative-interest-rates-meaning-you-could-be-paid-to-borrow-money-from-the-bank-2019-8 Australians could soon be paid to borrow money from banks for the first time in history, as the Reserve Bank of Australia (RBA) says it’s prepared to…

Sydney price correction ‘close to an end’

Sydney price correction ‘close to an end’

Hannah Dowling| Mortgage Business| 6 August 2019 https://www.mortgagebusiness.com.au/breaking-news/13673-sydney-price-correction-close-to-an-end The NSW capital’s auction clearance rate hit its highest point in over two years last month, suggesting a market rebound, a new Domain report showed. According to…

Mortgage approval values bounce back

Hannah Dowling| Mortgage Business| 8 August 2019 https://www.mortgagebusiness.com.au/breaking-news/13686-mortgage-approval-values-bounced-back-in-june ABS data from June has reported an overall increase in lending values, driven by owner-occupiers and first home buyers. According to the latest Lending to Households and…

‘It’s just too hard’: ANZ CEO laments credit scrutiny

Charbel Kadib| Mortgage Business| 14 August 2019 https://www.mortgagebusiness.com.au/breaking-news/13706-it-s-just-too-hard-anz-ceo-laments-credit-scrutiny ANZ will maintain a conservative approach to mortgage lending until the industry receives further clarity from regulators, CEO Shayne Elliott has said. Speaking at Aussie Home Loans’…

ASIC loses landmark case against Westpac

Tim Boyd| Australian Financial Review| 13 August 2019 https://www.afr.com/companies/financial-services/asic-loses-landmark-case-against-westpac-20190813-p52ggy In a landmark case for responsible lending, the Federal Court has dismissed allegations against Westpac, brought by the corporate regulator, that it breached responsible lending laws…

Developers offer advisers $90,000 to flog high-rise apartments

Developers offer advisers $90,000 to flog high-rise apartments

Duncan Hughes| Australian Financial Review| 14 August 2019 https://www.afr.com/companies/financial-services/developers-offer-advisers-90-000-to-flog-high-rise-apartments-20190813-p52gk1 Commission payments of between $30,000 and $90,000 – plus extra incentives for multiple sales – are being offered by developers to buyers’ and real estate agents,…

Household financial comfort dragged down by residential property price falls and weakening labour market: report

The Real Estate Conversation| 12 August 2019 https://www.therealestateconversation.com.au/news/2019/08/12/household-financial-comfort-dragged-down-residential-property-price-falls-and Financial comfort in Australian households has dipped following residential property price falls and a weakening of the labour market, new research from ME Bank has revealed. The…

RBA update: Governor Lowe points to even lower rates

Peter Martin| The Conversation| 9 August 2019 https://theconversation.com/rba-update-governor-lowe-points-to-even-lower-rates-121690 Reserve Bank Governor Philip Lowe has said two things about unemployment in the past few weeks. Together, they lead to an inescapable conclusion. The first was in…

AFCA delivers $83m win for consumers and small business

AFCA delivers $83m win for consumers and small business

AFCA Media Release 15 July 2019 https://www.afca.org.au/news/media-releases/afca-delivers-83m-win-for-consumers-and-small-business/ Australian consumers and small businesses with financial complaints have collected over $83 million through the Australian Financial Complaints Authority (AFCA) in its first six months of operations. AFCA’s Six…

A Danish bank is offering mortgages with negative interest rates — why you shouldn’t wish for that to happen

Jacob Passy| Market Watch| 13 August 2019 https://www.marketwatch.com/story/a-danish-bank-is-offering-mortgages-with-negative-interest-rates-why-you-shouldnt-wish-for-that-to-happen-in-the-us-2019-08-12 It’s safe to say that mortgage rates have never been lower in Denmark. In fact, they’re now negative. Denmark’s Jyske Bank , is now offering a 10-year…

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