Sam Nicholls| Mortgage Business| 2 August 2022 Refinancing surges by 29% across east coast during FY22 – Mortgage Business The number of borrowers refinancing across Australia’s three eastern states hit record figures over the 2022 financial year, according to new PEXA data. As highlighted in PEXA’s latest Mortgage Insights Report, there was a record 331,976 property […]
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Annie Kane| Mortgage Business| 2 August 2022 Funding cost pressures should ease by 2023: Pepper – Mortgage Business Rising cost of funds are impacting both banks and non-banks at the moment, but should ease from next year, the non-bank lender’s treasurer has noted. The treasurer of Pepper Money, Anthony Moir, has outlined that while lenders […]
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Kate Aubrey| Mortgage Business| 1 August 2022 Mortgage lending continues steady growth – Mortgage Business Home loan lending remains “stable” over June, with all four major banks reporting an increase to their loan book, according to APRA. New authorised deposit-taking institution (ADI) data from the Australian Prudential Regulation Authority’s (APRA) has shown that total residents […]
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The property market is cooling – primarily due to rising mortgage rates. However, many businesses can thrive in this environment. When rates are going up, just turning up at your local bank for a mortgage and expecting to get a loan is not going to cut the mustard. And this has proven to the case […]
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Micah Guiao| Australian Broker| 21 June 2022 Now is the best time to be a broker (brokernews.com.au) The combination of rising interest rates, higher costs of living, and a cooling market means there has never been a more exciting time to be mortgage broker, says Yellow Brick Road Home Loans. Brokers are poised to play […]
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Annie Kane| 16 June 2022| Mortgage Business Brokers writing majority of bank mortgages – Mortgage Business Nearly 58 per cent of loans funded by banks are originated by the third-party channel, according to APRA statistics. According to the Australian Prudential Regulation Authority’s (APRA) latest Quarterly Authorised Deposit-taking Institution (ADI) Property Exposures publication (for the quarter ended 31 […]
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James Eyers & Misa Han | The Australian Financial Review | 10 May 2019 https://www.afr.com/business/banking-and-finance/inside-the-westpac-case-that-could-alter-banking-20190510-p51lz4 It’s a case that will define one of the most fundamental jobs of a bank – working out whether to lend to a customer. On one side is the Australian Securities and Investments Commission. The regulator has taken Westpac Banking […]
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James Frost & James Eyers | The Australian Financial Review | 1 May 2019 https://www.afr.com/business/banking-and-finance/anz-says-7-25pc-buffer-has-to-go-20190501-p51j0g ANZ chief executive Shayne Elliott urged the prudential regulator to scale back the buffer requiring new borrowers have the capacity to pay a 7.25 per cent interest rate, warning it was forcing the bank to turn away one in five […]
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Annie Kane | The Adviser | 7 May 2019 https://www.theadviser.com.au/breaking-news/39077-three-quarters-of-smes-believe-bank-appetite-has-decreased Seventy-four per cent of small business owners believe that bank appetite for SME lending has decreased this financial year, while 30 per cent believe that access to capital is the biggest impediment to growth this year. According to a recent survey conducted by specialist business […]
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David Scutt | Business Insider Australia | 10 May 2019 https://www.businessinsider.com.au/australia-house-prices-best-worst-performing-capital-city-2019-5 Australia’s median home price slumped 7.2% in the year to April. An even larger 8.4% decline was recorded in the capital cities in average weighted terms. The price falls in some regional capital city markets were substantially larger than the national average. In others, […]
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Madison Utley | Australian Broker | 9 May 2019 https://www.brokernews.com.au/news/breaking-news/majors-commit-to-hem-alternatives-262695.aspx As Westpac and ASIC continue to clash over responsible lending measures and the big four face remediation bills of more than $5bn, focus has turned once again to the need to improve responsible lending frameworks. The HEM system – which was repeatedly scrutinised during royal commission hearings, […]
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Three events occurred recently that will inject life into the property market. First, the ALP lost the Federal Election – removing the threats to negative gearing. Then the Australian Prudential Regulator (APRA) announced changes to lending policy that will make getting a loan easier And, on the same day, the Reserve Bank (RBA) telegraphed that […]
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