Articles

The Economist| 15 February 2018 https://www.economist.com/news/finance-and-economics/21737028-battle-between-one-side-novelty-technology-and-gusto-and-other?frsc=dg%7Ce CHRIS MATTHEWS joined Monzo last May. “A friend mentioned it over a curry. Everyone signed up at once. Nine or ten of us.” Mr Matthews, a structural engineer living in London, transfers money monthly from the big bank where his salary lands to the online upstart, for everyday expenses. […]

Riskwise Property Review| 8 February 2018 https://www.riskwiseproperty.com.au/News/high_risk_alert We’re living in a post-property-boom era, in a time when the term ‘off-the-plan’ starts ringing alarm bells. With almost all capital cities suffering from potential unit oversupply, RiskWise has compiled a list of the top 100 most risky suburbs across the country. The widespread oversupply issue is universally […]

James Mitchell| The Adviser| 5 January 2018 https://www.theadviser.com.au/breaking-news/37252-major-bank-changes-broker-commission-model A big four bank has advised mortgage brokers that its upfront commission structure will change from next month. In a note to brokers obtained by The Adviser, ANZ’s general manager of broker distribution, Simone Tilley, explained that the bank has recently completed a comprehensive review of its […]

Jonathan Shapiro| Australian Financial Review|18 December 2017 http://www.afr.com/business/banking-and-finance/blackstones-play-for-la-trobe-wont-be-the-last-nonbank-deal-20171218-h06huy Australia’s $1.7 trillion mortgage market has become a hotspot for global private equity titans with more buyout funds tipped to follow Blackstone and KKR’s recent forays into the shadow banking sector. On Monday, New York-based Blackstone announced it had taken an 80 per cent stake in Melbourne-based lender […]

Miklos Bolza| Australian Broker| 14 December 2017 https://www.brokernews.com.au/news/breaking-news/major-bank-unveils-new-accreditation-standards-244893.aspx Commonwealth Bank of Australia (CBA) has unveiled a new broker model which includes stricter accreditation standards that aim to promote greater broker knowledge and positive consumer outcomes. From 2018, new mortgage brokers will be required to meet enhanced education requirements in order to write CBA loans. The […]

MFAA| 19 November 2017 https://www.mfaa.com.au/news/broker-market-share-rises-to-a-record-55.7-percent-in-september-quarter Australian finance brokers settled 55.7% of all residential mortgages during the September 2017 quarter, up from 53.6% in the same quarter last year, the latest industry data reveals. Mortgage and Finance Association of Australia (MFAA) CEO Mike Felton said this represented a record $51.77 billion worth of residential home loans […]