Ingrid Fuary-Wagner | Australian Financial Review | 30 June 2019 https://www.afr.com/real-estate/residential/best-month-for-sydney-auctions-in-almost-two-years-20190630-p522o1 Cashed-up buyers who have been biding their time and waiting out the downturn are now starting to make their move as selling agents report an influx of inquiries, more people through open homes and stronger competition at auctions, albeit it with very few properties […]
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Ingrid Fuary-Wagner | Australian Financia l Review| 1 July 2019 https://www.afr.com/real-estate/residential/property-recovery-starts-in-sydney-melbourne-20190627-p52202 Property price growth in Sydney and Melbourne is in positive territory for the first time since the market peaked in 2017, as lower mortgage rates and improved buyer sentiment in combination with a dearth of new listings spurs a market recovery. Values grew slightly […]
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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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