Hey, Déjà vu! Again! Just like 2007
3 June 2026
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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Cait Kelly| 27 March 2019| The New Daily https://thenewdaily.com.au/money/property/2019/03/27/property-sold-before-auction/ As property prices continue to fall across the country, houses and apartments are increasingly being sold before auction, industry figures say. Nervous vendors are being met by assertive buyers looking to stamp out competition and secure a sale without the stress of an auction. Head of […]
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Michael Janda| ABC Online| 4 December 2018 The Reserve Bank has left official interest rates on hold at a record low 1.5 per cent for the 26th consecutive RBA board meeting. Key points: Interest rates have been on hold for 28 months, during which the RBA board has met 26 times The RBA governor says […]
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Isabelle Lane| The New Daily| 7 August 2018 https://thenewdaily.com.au/money/property/2018/08/07/out-of-cycle-rate-hikes-predicted/ The big four banks are expected to raise mortgage rates despite the Reserve Bank decision to keep the official cash rate steady. The RBA announced on Tuesday the official interest rate would remain on hold at 1.5 per cent. The decision continues a record-breaking streak of official interest rate stability, marking two years […]
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Steven Deare| The New Daily| 9 October 2020 https://thenewdaily.com.au/finance/property/2020/10/09/home-loans-august/ More Australians are seeking to buy a property while interest rates remain at historically low levels, sending new home loan commitments surging. Home buyers took advantage of a virus-flattened housing market in August, as borrowing rose by 12.6 per cent on the previous month. New loan […]
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Across the country auction clearance rates are strong and getting stronger. Low interest rates, government handouts and possible relaxing of lending criteria are encouraging Australians to take out a mortgage and buy a property. Most of the country has auction clearance rates around 70 per cent; the tipping point between a buyers’ and sellers’ market. […]
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The property market is rapidly approaching crunch time – where there will be multiple winners and losers. The end of this month is D-Day for the 450,000 borrowers who deferred home loan payments. Some will be able to recommence making payments, but for others this could mark the start of a series of tough conversations […]
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Despite the Reserve Bank not having changed the official cash rate recently, banks are dropping their own mortgage rates as they compete against each other for home loan business Interest rates are now the lowest in living memory. Mortgage brokers tell Accredited Broker that they are as busy as ever with refinances – especially when […]
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Banks Keep Lending to Pump Economy Australia’s banks look set to keep rates at record lows and to be flexible with borrowers impacted by COVID 19. Reserve Bank Governor, Dr Philip Lowe, recently spoke to the CEO of our major banks where he expressed the need to be flexible with $226 billion in loan deferrals […]
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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 national credit act provides banks with discretion on how to use information when assessing whether loans are suitable for customers, […]
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Derek Rose| Te New Daily| 28 July 2022 Apartments outperform house prices for first time in three years: Domain (thenewdaily.com.au) The price of apartments outperformed houses last quarter for the first time in three years, a new report shows. Domain’s June Quarterly House Price Report indicates the average price of a unit in Australia’s capital […]
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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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Elizabeth Redman| 30 May 2022| Domain Australia house prices: After the property boom, what is a normal real estate market? (smh.com.au) The property market has weakened since last autumn’s boom, but with plenty of competition around for the most outstanding homes, agents say it has turned into a more normal market. So what is a […]
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Kate Burke| Domain| 20 June 2022 Australia house prices: The property type defying the downturn, for now (smh.com.au) Property prices for cheaper homes are holding up the best in Sydney and Melbourne’s cooling markets, while affordable homes are seeing the strongest growth in most other cities. Less expensive properties outperformed their pricier counterparts over the […]
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https://thenewdaily.com.au/finance/property/2022/02/09/banks-house-prices/ Matthew Elmas| The New Daily| 9 February 2022 There has been a big change in the outlook for house prices in the past week – two of Australia’s major banks are now predicting the biggest crash in decades. After two years of rapidly rising prices, most home owners have gained more wealth from their […]
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https://www.pexa.com.au/news/australias-property-market-hits-688-billion-in-sales-up-57-in-12-months PEXA News Release| 9 February 2022 The Australian property market has proven its strength as the backbone of the nation’s economy during the global COVID-19 pandemic, with the national aggregate value of property sale settlements growing a massive 57% from 2020, with Australians spending more than $688 billion on property in 2021. The Property and […]
[...]Karen Maley | The Australian Financial Review | 10 May 2019 https://www.afr.com/business/banking-and-finance/phil-lowe-s-finger-hovering-above-rate-cut-button-20190510-p51m0d Australia is set to see interest rates hit fresh historic lows in coming months, unless strong jobs market and rising commodity prices come to the aid of dwindling growth and inflation. Reserve Bank governor Phil Lowe has his finger poised over the interest […]
[...]Michelle Grattan| The Conversation| 16 November 2018 The government has announced an extra $51.5 million to boost resources for the prosecution of criminal misconduct by banks and other financial institutions and the processing of civil claims. Of this, $41.6 million will go to the Commonwealth Director of Public Prosecutions (CDPP) over eight years, and $9.9 […]
[...]Paul Johnson| The Conversation| 27 November 2018 Asked at the banking royal commission how long it might take to embed the right culture in the National Australia Bank, its chairman Ken Henry replied: ten years. As head of the Commonwealth Treasury before he left to join the NAB board in 2011, Dr Henry was regarded […]
[...]The banking Royal Commission has unearthed some horror stories and some furphies. Last month, CBA revealed to the Commission that there are now 1300 brokers earning more than $1 million a year, and the top 200 brokersare pocketing more than $2.5 million. Undoubtedly, mortgage broking can be a highly rewarding career, but CBA’s figures gild […]
[...]Rebecca Pike| Australian Broker| 18 October 2018 https://www.brokernews.com.au/news/breaking-news/open-banking-refinance-in-15-minutes-256287.aspx Open banking could see borrowers refinancing their home loans in 15 minutes, according to one panellist at a recent fintech summit. The event, held in Sydney on Tuesday (16 October), focused on how digital innovation was changing finance. The program included speakers and panel discussions on topics […]
[...]Rebecca Pike| Accredited Broker| 24 October 2018 https://www.brokernews.com.au/news/breaking-news/broker-role-vital-in-ccr-landscape-256510.aspx It has been nearly a month since the deadline for the major banks to share 50% of their credit information as part of the rollout of comprehensive credit report (CCR), but some lenders have been sharing data for much longer. One such lender has explained to Australian […]
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POST PO Box 6478 North Sydney NSW 2059
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