While the chaos of this week’s banking royal commission final report has attracted most attention in the finance industry, the RBA this week kept interest rates on hold at 1.5 per cent for another month in its first cash rate announcement for the year.
Mortgage brokers are reeling and angry today after the banking royal commission final report put the industry on shaky ground.
Lenders are preparing for a possible interest rate cut from the RBA by letting the discount rate between floating and fixed rates widen by up to 30 per cent.
The final report from the banking Royal Commission is imminent and mortgage brokers and small lenders say if it leads to an overhaul of broker fees it could be bad for borrowers and good for the major banks.
The Melbourne property market downturn could get worse this year after record falls in the later part of 2018.
As we enter the new year with different property market conditions around the country, Domain senior news producer Elizabeth Redman spoke to some real estate agents around the country who gave their top picks for 2019.
Three of the nation’s leading economists say 2019 will see further interest rate cuts from the RBA from their record-low 1.5 per cent.
Mortgage brokers have made a clear statement to the Commonwealth Bank in a new HashChing survey that found more than half would cancel their accreditation with the major bank if they introduce a fee for service model.
Well it’s official – our nation’s house prices have suffered their steepest drop since the global financial crisis.
As we move into the new year of 2019, homebuyers have the best conditions they’ve had for years.
