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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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 […]
[...]Rod Myer| The New Daily| 27 July 2018 https://thenewdaily.com.au/money/finance-news/2018/07/27/smaller-banks-mortgages/ If you’re in the market for a home mortgage you’re likely to get a better deal from the small banks, according to research from Moodys Investors Services. Moodys has found that small and medium-sized banks have better deals on offer than the big four which hold […]
[...]Rebecca Pike| Australian Broker| 20 August 2018 https://www.brokernews.com.au/news/breaking-news/introducing-ccr-lending-behaviour-253836.aspx The head of a credit reporting facility has said brokers will need to be aware of lenders’ new risk appetite, including risk-based pricing, after comprehensive credit reporting (CCR) is introduced. The way lenders report borrowers’ credit information is changing and the major banks now have until the […]
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Jack Derwin| Australian Financial Review| 8 November 2019 https://www.afr.com/property/residential/aussie-property-prices-set-to-break-record-highs-by-start-of-next-year-20191108-p538l9 Property prices are soaring in Australia like it’s 2015. That may be welcome news for investors, but it’s bound to startle wannabe first home buyers. Not least of which because at this rate, prices look set to hit new heights in the first half of next […]
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Pete Wargent BlogSpot| 11 September 2019 https://petewargent.blogspot.com/2019/09/net-arrivals-close-to-300k-per-annum.html For the first time in a while there was a decrease in the rolling annual number of permanent and long-term arrivals into Australia, at 844,680 (up from 818,480 a year earlier, and close to the record highs). Departures have declined over the past couple of months, so the […]
[...]Su-Lin Tan| Australian Financial Review| 16 September 2019 https://www.afr.com/property/residential/why-the-housing-mini-boom-won-t-last-20190916-p52rqi The current housing mini-boom triggered by two rate cuts will run out of steam, according to UBS. Weak credit growth, little pick-up in new housing development and very low levels of homes listed for sale in Sydney and Melbourne suggest there may not be enough fuel […]
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Michael Bleby| Australian Financial Review| 17 September 2019 https://www.afr.com/property/residential/sydney-median-house-price-rises-to-875-000-20190917-p52s44 Sydney’s median house price rose to $875,000 in the June quarter, marking the first increase in a year as buyers returned to the market after the federal election and greater optimism about prospects for the property market. The higher median price – up from $870,000 in […]
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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 Domain’s Sydney auction report card: July 2019, the clearance rate for Sydney auctions hit 69 per cent in July, the […]
[...]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 institution’s Household Financial Comfort Report has indicated people have been feeling worse about their net wealth, jobs, income and living expenses in the […]
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