Articles

Narayanan Somasundaram| Business Insider| 26 May 2017 https://www.businessinsider.com.au/here-are-4-reasons-why-the-nab-isnt-concerned-about-apartment-oversupply-2017-5 Rising supply of homes is worth monitoring but it is not alarming yet, given the pent up demand over the years, according to National Australia Bank. Construction rates have failed to keep pace with strong population growth in recent years, contributing to an undersupply, NAB’s economics team […]

James Mitchell| The Adviser| 22 May 2017 https://www.theadviser.com.au/breaking-news/36100-major-banks-change-third-party-strategy Two of Australia’s big four banks have changed their appetite for broker-originated loans in a move that could curb the growth of the third-party channel, according to a market analyst. Digital Finance Analytics (DFA) principal Martin North believes underperforming branch networks and regulatory pressure to curb investor […]

MFAA| 17 May 2017 https://www.mfaa.com.au/News/Pages/A-boost-for-broker-market-share-in-the–March-2017-quarter.aspx According to research group ‘comparator’, a CoreLogic business, finance brokers originated at least $46 billion in new home loans* during the March 2017 quarter. This result represents the largest by value ever for this particular quarter which is historically the “low point” by value for the calendar year. Mortgage brokers […]

Michael Janda| ABC| 25 April 2017 http://www.abc.net.au/news/2017-04-24/housing-market-top-called-by-investment-bank-ubs/8466198?section=business The Australian housing market has peaked in the opinion of economists from global investment banking giant UBS. The bank’s economics team said it usually takes rising official interest rates to stop the upward phase of a property cycle, but this very lengthy boom may be different. “While the […]

James Mitchell| The Adviser| 21 April 2017 https://www.theadviser.com.au/breaking-news/35978-commissions-to-change-despite-no-evidence-of-poor-outcomes A mortgage industry veteran has highlighted that both the ASIC and Sedgwick reviews — the latter of which has recommended sweeping changes to broker commissions — are not based any documentary evidence that current remuneration structures lead to poor consumer outcomes. Former Mortgage Choice chief executive Michael Russell, […]

Miklos Bolza| Australian Broker| 20 April 2017 http://www.brokernews.com.au/news/breaking-news/first-home-buyers-back-in-double-digits-235374.aspx New data from aggregator Australian Finance Group (AFG) has shown the number of first home buyers is on the rise nationally. In the AFG Mortgage Index for the third quarter of the 2017 financial year, lodgements by first home buyers increased to 10% of the total number of loans […]