Articles

The property market is about to collapse. Fintech will make brokers redundant. Banks are rife with corruption. There’s no doubt that the world is about to change. But to say that “the sky is falling in” is in exaggeration. The recent ABC Four Corners programme certainly put a pessimistic slant on the property market. But veteran property journalist notes […]

Mortgage Professional Australia| 25 August 2017 http://www.mpamagazine.com.au/sections/market-talk/surprise-commissions-are-actually-going-up-240375.aspx Mortgage Choice’s full year results cast doubt on gloom surrounding broking’s business model Commissions are going up, according to the head of one of broking’s biggest franchises, as they revealed their full-year results yesterday. The average upfront commission received by Mortgage Choice has risen to 0.6544% from 0.647% in FY2016. Commissions […]

Christina Zhou| ABC| 21 August 2017 http://www.abc.net.au/news/2017-08-21/chinese-property-buyers–top-10-countries/8826522?section=business Australia is losing Chinese buyer interest to other parts of the world as tougher government regulations and new tax rules continue to bite, new data shows. Top 10 countries for Chinese property buyers in 2017 United States Australia Thailand Canada United Kingdom New Zealand Germany Japan Malaysia Spain […]

Kate Letheren and Paula Dootson| The Conversation| 10 August 2017 https://theconversation.com/banking-with-a-chatbot-a-battle-between-convenience-and-security-81328 Soon, you will be able to check your bank balance or transfer money through Facebook Messenger and Twitter as banks experiment with chatbots. Companies like Ikea have used customer service chatbots for close to a decade. But their use in financial services represents a […]

Lucy Dean| Mortgage Business| 7 August 2017 https://www.mortgagebusiness.com.au/breaking-news/11354-orderly-unwinding-in-housing-market A “sharp correction” in the housing market is unlikely to occur in the next two years, but an “orderly unwinding” is on the cards, S&P has said. Sharad Jain, director of financial services ratings at S&P Global Ratings, has predicted an “orderly unwinding” in the property market […]

Last month Accredited Broker postulated “Is It Banks versus Brokers?” In the intervening weeks since our last edition, it has become clear that the picture is more complicated – one that has significant impact on brokers. In some cases we are seeing the Big Four banks diverging in their support for broker-originated business. In others we see […]