Articles

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 […]

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 […]