Articles

NAB and ANZ economists are now predicting two rate rises next year, while CBA is predicting one rate rise. It has now been 82 months since the Reserve Bank last increased its cash rate and Australian borrowers are going to have do something new – work out how they are going to cope when their […]

Miklos Bolza| Australian Broker| 25 September 2017 http://www.brokernews.com.au/news/breaking-news/brokers-aid-consumers-smes-and-small-lenders-rba-241609.aspx The widespread use of brokers has led to a number of positive outcomes including increased industry competition, greater lending efficiency and consumer access to a wider range of products, the Reserve Bank of Australia (RBA) has acknowledged. In its submission to the Productivity Commission Inquiry into Competition […]

Stephen Letts| ABC| 21 September 2017 http://mobile.abc.net.au/news/2017-09-20/anz-joins-nab-in-predicting-the-next-rba-move-will-be-up/8964804?section=business The ANZ has become the second big bank in a week to forecast the Reserve Bank will turn hawkish and raise rates twice next year. Key points: RBA can’t keep real interest rates negative if growth and inflation picks up as expected argues ANZ Market already dramatically pulled […]

Sam Jacobs| Business Insider| 19 September 2017 https://www.businessinsider.com.au/australian-house-price-growth-statistics-2017-9 Australian house prices posted their fifth straight quarter of growth in the three months to the end of June, data from the ABS shows. On a weighted average basis, home values across Australia’s capital cities rose by 1.9%, beating forecast growth of 1.3%. That led to an […]

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 […]