Articles

Stephen Letts| ABC| 24 March 2017 http://www.abc.net.au/news/2017-03-24/why-chinese-investors-keep-buying-australian-property/8385174?section=business It is said real estate is all about “position, position, position”. Perspective could equally be thrown into the equation as well, and from the perspective of China’s rapidly growing millionaire class, Australian capital city properties are not only cheap, but high-yielding as well. Detailed analysis from the big […]

Miklos Bolza| Australian Broker| 20 March 2017 http://www.brokernews.com.au/news/breaking-news/lets-not-blame-the-brokers-medcraft-234242.aspx The chairman of the Australian Securities and Investments Commission (ASIC), Greg Medcraft, has defended the broker channel after the release of the regulator’s controversial Review of Mortgage Broker Remuneration. “The channel shouldn’t necessarily be blamed. What we’ve got to remember here at the end of the day […]

James Mitchell| SME Adviser| 7 March 2017 https://www.smeadviser.com.au/news/64-apra-sounds-alarm-on-commercial-property-risks Following a recent review, the prudential regulator has today warned that many banks have fallen “well short of expectations” regarding portfolio controls for commercial property. In a letter to all Australian banks today, APRA outlined its observations from a thematic review into commercial property lending, noting that […]

For the past few years, banks and mortgage brokers have found themselves in the cross hairs with the talk of a property bubble. In theory, that is due to culminate in the next weeks as ASIC makes recommendations on the way brokers should be paid. Yet, the truth is, lending is being buffeted from many […]

Miklos Bolza| Broker News| 24 February 2017 http://www.brokernews.com.au/news/breaking-news/asic-promises-well-informed-remuneration-review-231730.aspx The Australian Investments & Securities Commission (ASIC) will release its long-awaited broker remuneration review in a “couple of weeks”. In a panel at the RFi Group’s Australian Mortgage Innovation Summit 2017 in Sydney yesterday (23 February), Michael Saadat, senior executive leader of deposit takers, credit & insurers […]

Prateek Chatterjee| Property Observer| 24 February 2017 http://www.propertyobserver.com.au/forward-planning/investment-strategy/property-news-and-insights/66076-mortgage-broker-afg-says-profit-up-14-as-credit-market-picking-up.html Mortgage broker Australian Finance Group (ASX: AFG) reported a rise in half-yearly profit of 14% from the same period in the previous year, helped by the strong performance of its AFG Home Loans division. AFG’s loan book now sits at $127 billion, with the overall residential loan […]