
The importance of mortgage brokers
A recent report commissioned by the Mortgage Industry Group has given people an insight into what the mortgage broking industry brings to the Australian market.
A recent report commissioned by the Mortgage Industry Group has given people an insight into what the mortgage broking industry brings to the Australian market.
It’s a challenging environment for property investors – prices are falling, rates are rising, rental property is in oversupply and auction clearance rates are low.
The major banks have agreed to share customers’ repayment history with each other in a landmark deal aimed at improving customer credit quality assessments.
Positive employment figures and the robust economy are providing the RBA assurance that the household debt that has been built in the country is not about to collapse.
The NAB’s changes mean they will calculate the upfront commission a broker receives for a home loan based on the amount the drawn rather than the total approved and net of any offset facility.
The Commonwealth Bank has joined two other majors and lifted its home loan interest rate.
Corporate regulator the Australian Securities and Investment Commission and the Australian Banking Association have settled on a revised Code of banking Practice.
The Liberal leadership turmoil this week is making a Labor victory at the next election increasingly likely, so what would that mean for the property market?
A new report has found renters need to be earning $130,000 a year to be able to afford to rent a three-bedroom house in inner-city Melbourne stress free.
Australia’s housing market has emerged as two firmly split opposing forces according to the Housing Industry of Australia’s principal economist.