Articles

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 […]

Christopher Joye| Australian Financial Review| 20 April 2018 http://www.afr.com/personal-finance/shares/strip-amp-apart-and-unwind-byzantine-banks-20180419-h0z0hl Arguably the apogee of the “vertical integration” of Australia’s financial system, which this column has aggressively railed against for years, came in early 2014 when the banks (and AMP) convinced the Coalition to roll back the Future of Financial Advice (FoFA) laws. They did so to allow them […]

Raymond Gill| The New Daily| 13 April 2018 https://thenewdaily.com.au/money/property/2018/04/13/banking-royal-commission-fears-home-prices/ Property experts have scotched fears that the banking royal commission could lead to a crash in Australia’s house prices. The first round of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry‘s public hearings uncovered story after dispiriting story about lax mortgage lending […]

David Scutt| The New Daily|10 April 2018 https://www.businessinsider.com.au/australia-population-growth-housing-affordability-supply-forecasts-hia-2018-4 Australia’s population is about to tick over 24.9 million, and is growing at an annual pace of 1.6%, according to data from the ABS. If that pace of growth is maintained over the next few decades, it will see Australia’s population rise to over 41.4 million by the year […]