Articles

The Adviser| 21 June 2018 https://www.theadviser.com.au/breaking-news/37911-mutual-home-loan-growth-outpaces-big-four The latest quarterly statistics from the prudential regulator show strong growth for the customer-owned banking sector. The APRA quarterly statistics show home loan growth of 5.5 per cent over the past year while deposits grew by 5.9 per cent over the same period. Total customer-owned banking sector assets have […]

Annie Kane| The Adviser| 14 June 2018 https://www.theadviser.com.au/breaking-news/37879-futurist-outlines-his-vision-of-the-future-of-broking Futurist, author and start-up founder Brett King has suggested that mortgage brokers would need to broaden their offering to survive an increasingly digital lending environment. Speaking after AMP’s Amplify Festival in Sydney on Wednesday (13 June), the CEO of banking technology provider Moven said that as lending […]

Rebecca Pike| Australian Broker| 21 June 2018 https://www.brokernews.com.au/news/breaking-news/brokers-can-help-stressed-rentvesters-251411.aspx ‘Rentvesting’ is often touted as offering the best of both worlds. You can live where you want in a rental property, while getting someone else to pay off the mortgage on your investment property. But new data from online mortgage marketplace HashChing has found that rentvesting is […]

Clancy Yeates| Sydney Morning Herald| 19 June 2018 https://www.smh.com.au/money/investing/why-this-house-price-slump-is-different-from-the-last-one-20180613-p4zl7u.html Amid all the gloom engulfing the housing market, here’s a sliver of more positive news you may have missed. The Westpac Melbourne Institute index of consumer sentiment recently suggested home buyer demand is gradually recovering from its recent low, with the number of consumers who think […]

Clancy Yeates| 18 June 2018| Sydney Morning Herald https://www.smh.com.au/business/banking-and-finance/highly-geared-borrowers-tipped-to-face-extra-scrutiny-20180615-p4zlp7.html Property investors seeking to borrow many times their income are tipped to come under increased scrutiny, as banks respond to regulatory pressure to restrict higher-risk mortgage lending. Following a direction from the Australian Prudential and Regulation Authority (APRA) in April, banks are grappling with how to […]

David Scutt| Business Insider| 1 June 2018 https://www.businessinsider.com.au/australia-home-prices-valuation-location-analysis-2018-6 Australia’s median home price fell for an eighth consecutive month in May, leaving it down 0.4% over the past year, the first decline seen since October 2012. From the recent cyclical peak in September 2017, the median price has fallen by 1.1% to $555,274. However, Australia’s housing […]