The Australian property market in 2024 promises to be an intriguing dance between opportunity and headwinds. While the past year saw subdued growth compared to the 2022 boom, whispers of potential interest rate cuts and the final stage of tax cuts add complexity to the forecast. So, what can we expect? Interest Rate Rollercoaster: Interest […]
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Christopher Joye| Australian Financial Review| 22 February 2019 https://www.afr.com/personal-finance/banking/labor-rejects-royal-commission-via-mortgage-broker-backflip-20190222-h1bkzj?fbclid=IwAR1A7I8Hdf-hMrm_20dXN6ONb9LaFaDe_DLCd53WILyaj8nukz9Go78B-5E Labor has made an important policy backflip on mortgage brokers that has resulted in it formally rejecting one of the royal commission’s most significant recommendations, which undermines its credibility in the brewing election debate. Labor can no longer claim to have accepted the royal commission’s recommendations, […]
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Amy Remeikis| The Guardian| 22 February 2019 https://www.theguardian.com/australia-news/2019/feb/22/labor-proposes-fixed-rate-commission-for-mortgage-brokers?fbclid=IwAR3vBnEVU1qAuaoysKM8ivuhkWx2YR_T5kP8sUCF0dPjZ1SJeT8gd2J-3qA Labor has backed away from the royal commission’s recommendation of user-pays fees for service for mortgage brokers. Labor has proposed a fixed-rate commission for mortgage brokers rather than accept the banking royal commission recommendation to apply user-pay fees to the service. Commissioner Kenneth Hayne had recommended clients […]
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Ingrid Fuary-Wagner| Australian Financial Review| 8 February 2019 https://www.afr.com/real-estate/interest-rates-not-the-real-barrier-to-rebooting-of-property-market-20190207-h1ayrq A possible cut to interest rates this year will boost buyer confidence but there’s still a major roadblock preventing a sudden turnaround in the property market. The Reserve Bank’s shift in its outlook this week signalling a possible cut to the cash rate has prompted excitement […]
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James Eyers| Australian Financial Review| 15 February 2019 https://www.afr.com/business/banking-and-finance/aussies-james-symond-says-hayne-change-will-destroy-mortgage-competition-20190215-h1bang The elimination of mortgage broking trailing commissions will halve the average annual income of a broker to $40,000, triggering an exodus from the industry and choking off bricks-and-mortar distribution for small and foreign home-loan lenders, says Aussie Home Loans chief James Symond. He warns the industry […]
[...]Shane Wright & Clancy Yeates| Australian Financial Review| 11 February 2019 https://www.smh.com.au/politics/federal/morrison-backs-brokers-despite-warning-from-banking-royal-commission-20190211-p50wzv.html?fbclid=IwAR0tLu7eaQNlNrPuyQ-UnAWDDPD077cybyd1B7TrHHb-8SOYBDGvKbFVfME Scott Morrison has backed the mortgage broking industry in the face of demands from the banking royal commission for major changes to how brokers are paid, saying he does not want the sector to “wither on the vine”. As the peak body for […]
[...]James Eyers| Australian Financial Review| 6 February 2019 https://www.afr.com/business/banking-and-finance/right-to-be-cautious-philip-lowe-matt-comyn-back-a-role-for-mortgage-brokers Reserve Bank governor Philip Lowe has backed Treasurer Josh Frydenberg’s cautious approach towards the royal commission’s call for bank-paid mortgage broker commissions to be replaced with customer-paid fees, saying the impact on competition required consideration. Commonwealth Bank chief executive Matt Comyn also engaged in the most […]
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Addressing the critical need for affordable housing, the New South Wales (NSW) government has introduced a range of incentives to encourage property developers to allocate at least 15% of new projects for affordable housing. In addition to fostering social inclusivity, these incentives offer significant benefits to developers, including increased floor space ratios and height bonuses. […]
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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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Are you looking to own your own business with a great income? Then come and meet us at our office for a mortgage broking industry seminar on Wednesday 12th April 2023 at 6pm in North Sydney. How To Kick-Start A Mortgage Broking Career – Sticky Tickets There is a strong demand for mortgage brokers. If you: …then think […]
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Jayden Fennell| Australian Broker] 13 September 2022 New MFAA CEO seeks greater broker market share (brokernews.com.au) The new CEO of the MFAA says she is well aware of the challenges that brokers face, including channel conflict, given she has more than two decades of financial services industry experience. But Anja Pannek (pictured above), interviewed by […]
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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 […]
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Joyce Moullakis| The Australian| 2 August 2022 https://www.theaustralian.com.au/business/financial-services/lenders-offering-cheaper-mortgage-rates-for-customers-with-bigger-deposits/news-story/5a40bc4aa10306b296ad6f0f4da39399 A greater number of lenders are wooing home loan borrowers who have bigger deposits with markedly cheaper rates – as mortgage customers brace for a fourth 2022 rate rise this month. The Reserve Bank has applied three rapid-fire rate increases since early May totalling 1.25 per cent […]
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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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Addressing the critical need for affordable housing, the New South Wales (NSW) government has introduced a range of incentives to encourage property developers to allocate at least 15% of new projects for affordable housing. In addition to fostering social inclusivity, these incentives offer significant benefits to developers, including increased floor space ratios and height bonuses. […]
[...] 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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After a record-breaking year of property growth, the regulator has announced limitations on how much the banks can lend. Accredited Broker believes that this will have a minimal impact. In an effort to stop stellar growth, the banking regulator (APRA) will be requiring the banks to increase the interest rate at which they assess mortgage […]
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Michael Bleby| Australian Financial Review| 1 October 2021 https://www.afr.com/property/residential/how-stamp-duty-is-keeping-houses-off-the-market-20210930-p58w9x Rising stamp duty costs have contributed to a drag on the amount of housing stock coming to the market over the past 13 years, new research shows. Stamp duty, a lucrative revenue source for states, is not the only reason for worse housing market liquidity, but […]
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The Australian housing market recorded its fastest annual growth since April 2004 and there is even a spark of life in the investor market – is this good news or bad? Over the past 12 months many in the media have claimed we are in a housing bubble and called for regulators to intervene, to […]
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Many brokers risk being cut off if they have not completed their mortgage broking diploma. Recent legislative changes mean brokers who want to obtain the diploma will be required to complete the new Diploma of Finance and Mortgage Broking Management course, (FNS50320) if they have not completed the previous diploma (FNS50315) by the end of […]
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This week, a number of finance regulators said they were turning their mind to enforcing robust lending standards. Straight after, CBA announced it was adopting a more conservative stance in its lending policy. Accredited Broker believes these changes are more apparent than real and that the real purpose was to make borrowers realise that easy […]
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James Frost and John Kehoe| Australian Financial Review| 17 June 2021 https://www.afr.com/companies/financial-services/apra-asks-banks-for-more-data-on-lending-20210617-p581rf The peak group of financial regulators have eyeballed the pick-up in home lending and the return of property investors as an emerging issue, with the boards of major banks asked to pledge they are maintaining lending standards and provide data proving they are […]
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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