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 […]
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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 […]
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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 […]
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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 […]
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Malavika Santhebennur| Mortgage Business| 17 February 2021 Mortgage applications surged in the December quarter amid a slump in consumer credit applications, with WA the standout, according to data. Figures from data company Equifax have revealed that mortgage demand (which includes loans for new properties and refinancing) continued to trend upward, with home loan applications for […]
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Great news for anyone planning to take out a home loan – new legislation means consumers are even better protected when they use a mortgage broker. But banks do not have the same responsibility towards borrowers. This means that consumers can have even more confidence in brokers The Best Interests Duty, which took effect this […]
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