Exodus of Australian Landlords Driving Up Rents The Australian rental market is facing a crisis, as a growing number of landlords are selling their properties or taking them off the market altogether. This is due to a number of factors, including fear of government rent control, rising property taxes, and the increasing popularity of holiday […]
[...]
After months of decline, housing loan commitments in Australia have finally started to increase. This is due to a number of factors, including optimism in the housing market, interest rates on hold last month, fear of missing out (FOMO), with the rhetoric of increased immigration and lack of house starts. Optimism in the Housing Market […]
[...]
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 a speech in May, expanded on in a speech in June. At both times the published unemployment rate was 5.2%. […]
[...]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 fixed-rate mortgage at negative 0.5%. Additionally, Finland-based Nordea Bank announced Wednesday that it will offer a 20-year fixed-rate mortgage in […]
[...]
Stephen Letts | ABC | 3 July 2019 https://www.abc.net.au/news/2019-07-03/what-the-rate-cuts-mean-for-you/11273500?section=business Who said Australia’s big four banks run an oligopoly? Key points: The big banks have passed on between 80-88 per cent of the two RBA rate cuts Very little separates the ‘big four’ standard variable mortgage rates, which range from 4.92pc to 4.98pc The rate cut […]
[...]
David Ross| Domain | 27 June 2019 https://www.domain.com.au/money-markets/why-your-credit-score-is-going-to-change-on-july-1-852970/ Lenders are set to learn a lot more about borrowers from July 1, with banks required to share more data on applicants than ever before. The full implementation of comprehensive credit reporting next month means everyone’s credit score is likely to change. It’s set to be a […]
[...]
Chanticleer| Australian Financial Review| 28 March 2019 https://www.afr.com/chanticleer/how-banks-made-their-case-on-credit-culture-in-hong-kong-20190328-p518nk Hong Kong | There’s nothing like a trip overseas to remind you of Australia’s place on the world stage. But at the Credit Suisse Asian Investment Conference in Hong Kong this week there is one aspect of Australian business life that drew a good deal of fascination […]
[...]
Kevin Davis| The Conversation| 25 March 2019 https://theconversation.com/sam-and-the-honest-broker-why-commissioner-hayne-wants-mortgage-brokers-to-charge-fees-114071 The Royal Commission recommendation that mortgage broker commissions, currently paid by lenders, should be replaced by up-front fees paid by borrowers, has been controversial to say the least. Royal Commissioner Kenneth Hayne wanted to eliminate first the “trail”, or annual ongoing commission paid by lenders to brokers, […]
[...]
The government and the Reserve Bank want to see the property market grow to boost the post-pandemic economy, but many experts believe that the banking regulator will soon put up roadblocks to stop the market running away from itself. What happens to the real estate agents, mortgage brokers etc if it suddenly becomes hard to […]
[...]
Karen Maley| Australian Financial Review| 21 April 2021 APRA’s daunting double challenge (afr.com) Wayne Byres, the boss of the country’s prudential regulator, might like to insist that it’s not his job to solve the problem of soaring house prices, but astute bankers have a different view. They believe it’s likely to be only a matter of time […]
[...]
MFAA| 3 March 2021 Mortgage brokers record highest ever December quarter market share | MFAA The mortgage broker channel has recorded its highest ever market share result for the December quarter with brokers settling 59.4 per cent of all residential home loans during October – December 2020, according to the latest data released by research group comparator, a […]
[...]
Euan Black| The New Daily| 2 February 2021 Home owners warned against rushing to fix their mortgages (thenewdaily.com.au) Home owners are being told to do their research before fixing their mortgages, after the Reserve Bank held interest rates at 0.1 per cent on Tuesday. With little room for interest rates to fall further and negative […]
[...]
“Old generals always fight the previous war” goes the old adage – many of the old arguments are being rolled out by both sides in the proposed changes to Responsible Lending rules. But, as we enter 2021 and a likely busy property market, Accredited Broker believes Responsible Lending is yesterday’s argument. At the heart of […]
[...]
Tim Lawless| Corelogic| 18 November 2020 https://www.corelogic.com.au/news/could-household-debt-levels-be-trigger-another-round-credit-tightening?utm_medium=email&utm_source=newsletter&utm_campaign=20201123_propertypulse&utm_content=pp_blog%20 Australian household debt levels have increased substantially over the past thirty years, with the ratio of household debt to annual disposable income rising from 68% in June 1990 to a recent peak of 188.5% in June 2019. Since June last year, the ratio has reduced slightly to 185.0%. […]
[...]
Tawar Razaghi| Domain| 14 September 2022 House prices are falling. Confidence is edging up. Is it a good time to buy? (domain.com.au) Home buyers have a stronger chance of getting into the property market this spring than during the pandemic-era boom, but experts are mixed about whether even better buying opportunities lie ahead. While some […]
[...]
Nila Sweeney and Michael Bleby| Australian Financial Review| 19 September 2022 Stockland CEO Tarun Gupta predicts housing market balance by 2024 (afr.com) New housing demand will pick up in the next 18 to 24 months as rising wages and falling prices combine to improve the affordability problem keeping buyers out of the market, says Stockland […]
[...]
There’s no doubt that the property market is in a downturn – with the Reserve Bank predicting price drops of around 15 per cent. However, one major developer is predicting the market will be in balance by 2024. Ups and downs are regular parts of the property cycle. However, one trend that will continue regardless […]
[...]
Interest rates have increase by 1.75 per cent so far – and more rises are predicted. But how far will they go up and what will be the impact be on the property market? All experts see the property market declining but by how much and for how long is the question. And some economists […]
[...]
James Kirby| The Australian| 29 July 2022 https://www.theaustralian.com.au/business/wealth/house-price-crash-what-if-the-experts-have-it-wrong/news-story/48139e945170d7e5405d646c949d7c67 How much have house prices around the nation fallen by this year? The chances are you’ll guess a number which is dramatically worse than reality. The combined capital city drop is minus 0.5 per cent. Yes, you read that right, the reversal so far is teeny. So […]
[...]
Damien Klassen| LIvewire| 12 July 2022 Australian property prices: Interest rates are just one part of the story – Damien Klassen | Livewire (livewiremarkets.com) Australian property market prices are falling, and rents are rising rapidly. Interest rates are rising even faster. In terms of mortgage payments, a 30%+ increase in one year is higher than […]
[...]
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 Month Report which was published today reveals the complaints body has received over 35,000 complaints, far exceeding initial forecasts. The report […]
[...]
Matthew Cranston | The Australian Financial Review | 21 May 2019 https://www.afr.com/news/economy/rba-signals-june-rate-cut-20190519-p51p12 Reserve Bank of Australia governor Philip Lowe has given his clearest signal yet that interest rates will be cut next month, suggesting that a recent rise in the unemployment rate was enough to prevent inflation targets from being met. “A lower cash rate […]
[...]
James Frost & John Kehoe | The Australian Financial Review | 20 May 2019 https://www.afr.com/real-estate/residential/property-s-bumper-policy-week-will-lift-house-prices-soon-20190524-p51qpk A suite of favourable policy proposals and drivers of property demand that materialised this week will not be enough to reverse falling house prices immediately but leading industry executives say a bounce is not far off. The shock re-election of […]
[...]
Michael Bleby & Tim Boyd | The Australian Financial Review | 23 May 2019 https://www.afr.com/real-estate/residential/people-are-ringing-for-appraisals-agents-feel-post-election-pickup-20190523-p51qde Sydney’s housing market has welcomed the end of the federal election campaign, with vendors and buyers shaking off the uncertainty about negative gearing and capital gains tax changes. “It was pretty much Monday morning,” said Paddington agent Catherine Dixon of […]
[...]
James Frost | The Australian Financial Review | 21 May 2019 https://www.afr.com/business/banking-and-finance/apra-scraps-7pc-home-loan-buffer-20190521-p51phr The Australian Prudential Regulation Authority has written to banks proposing the 7 per cent serviceability buffer on home loans be removed, in good news for borrowers and the property market. APRA’s serviceability buffers were introduced in December 2014 as a way of tempering […]
[...]James Frost & John Kehoe | The Australian Financial Review | 20 May 2019 https://www.afr.com/business/banking-and-finance/hallelujah-brokers-rejoice-over-coalition-win-20190520-p51p78 Mortgage brokers are celebrating the re-election of the Coalition and the salvation of valuable trailing commissions that were poised to be banned under a Labor government. Yellow Brick Road executive chairman Mark Bouris, who made pre-election robocalls to voters warning […]
[...]Our head office is located in North Sydney. However, Accredited Broker has offices and training areas nationwide. Level 3 /97 Pacific Hwy North Sydney NSW 2060
POST PO Box 6478 North Sydney NSW 2059
1300 136 947
