James Frost| Australian Financial Review| 10 December 2019 Lenders should be asking customers to prove they can save money and afford loans by sending their children to public schools or cancelling their Netflix subscriptions under new responsible lending guidelines released on Monday. The guidelines have been aimed at clarifying the obligations of lenders after a […]
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So, property prices are on the up and the banks are lending again. But are you sure you will make money? While the lending environment is more generous than now, banks and brokers are being required to ask more questions than in the past; the answers to these questions may will have any impact how […]
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https://www.theadviser.com.au/breaking-news/39808-best-interest-duty-bill-released Annie Kane| The Adviser| 28 November 2019 The updated best interests duty bill for mortgage brokers has been tabled in Parliament, outlining the role brokers need to take when helping a borrower from 1 July 2020. The amended best interests duty – falling under theFinancial Sector Reform (Hayne Royal Commission Response–Protecting Consumers (2019 Measures)) Bill […]
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John Kehoe| Australian Financial Review| 4 December 2019 https://www.afr.com/policy/economy/regulators-unfazed-by-upward-pressure-on-house-prices-20191204-p53gnj The country’s top financial regulators have tipped that an under construction of apartments will put further “upward pressure” on property prices, but they appear relaxed about the recent surge in Sydney and Melbourne house prices. The Council of Financial Regulators quarterly meeting statement published on Wednesday […]
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https://www.brokernews.com.au/news/breaking-news/the-essential-component-of-broker-businesses-268549.aspx Madison Utley| Broker News| 2 December 2019 The managing director of an award-winning aggregation group has encouraged brokers to fully embrace and invest in their marketing, as it is an “essential component” of running a successful business, whether new to industry or well-established. Brendan O’Donnell, current MD of Liberty Network Services, the 2019 Australian […]
[...]https://www.afr.com/property/residential/house-price-surge-could-force-new-tightening-20191202-p53g4c Ingrid Fuary-Wagner| Australian Financial Review| 3 December 2019 Economists warn that Australia’s banking regulators will be pressured into introducing a new round of macroprudential tightening measures if the strong and swift surge in house prices continues into the new year. Property prices in Sydney surged 2.7 per cent in November, the highest monthly growth […]
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