Articles

The residential property market is dead! Long Live the commercial market! Bank lending is dead! Long live the non-bank lenders! Are you equipped to cope with the tectonic shifts that are taking in property and finance? The past five years have seen major growth in the residential property market in the eastern states – and the banks […]

James Mitchell| The Adviser| 16 May 2018 https://www.theadviser.com.au/breaking-news/37765-credit-crunch-a-complex-picture-for-brokers Slower credit growth and reduced borrowing capacity are expected to wipe 10 per cent off volumes this year, but brokers may find a silver lining in their trail commissions. Investor lending has fallen by 16.1 per cent over the year to March, while owner-occupied lending is off […]

The Banking Royal Commission has been like a thriller with us glued to our screens as we see banking executive after banking executive humiliated by the industry’s activities. But while we have been transfixed with a CEO and Chairman resigning and companies threatened with criminal actions, away from centre-stage, lenders have been modifying their practices […]

David Scutt| Business Insider| 26 April 2018 https://www.businessinsider.com.au/apra-just-made-it-even-harder-to-get-a-home-loan-2018-4 After being in place for a little over three years, APRA, Australia’s banking regulator, has announced its 10% annual cap on investor housing credit growth will be removed for some Australian lenders. APRA said the decision reflects that Australian lenders have taken steps to improve the quality […]

Charbel Kadib| The Adviser | 20 April 2018 https://www.theadviser.com.au/breaking-news/37664-total-mortgage-values-rise-in-february The total value of owner-occupier home loans increased in February, according to the latest data from the Australian Bureau of Statistics. The latest Lending Finance data from the ABS has revealed that the total value of owner-occupier home loans rose by 0.4 per cent in trend terms, from […]

Annie Kane| 20 April 2018| The Adviser https://www.theadviser.com.au/breaking-news/37662-nab-backs-remuneration-structure-but-calls-for-improvements The major bank has written to brokers highlighting that it supports the current broker remuneration structure but recognises that “improvements” can be made. The bank’s general manager of broker distribution, Steve Kane, sent an email to NAB-accredited brokers this week reaffirming the bank’s belief that the remuneration […]