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 […]
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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 […]
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Mortgage Business | 2 July 2019 https://www.mortgagebusiness.com.au/breaking-news/13565-open-banking-regime-commences The financial services sector has officially ushered in the first phase of the new open banking regime. The 2019-20 financial year has kicked off with the launch of the open banking regime, a framework designed to facilitate the open exchange of data in the private sector, beginning with […]
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Mortgage brokers now arrange more loans than lenders do directly. 59.7 per cent of home loans are now arranged by mortgage brokers rather than by someone applying directly through their bank, according to Corelogic research. And the trend looks set to continue, with some industry-insiders predicting, ultimately, brokers will arrange 75 per cent of loans. […]
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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 […]
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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 […]
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