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.
News
Third major bank lifts home loan rate this week
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07 September 2018
The Commonwealth Bank has joined two other majors and lifted its home loan interest rate.
ASIC agrees to new banking code
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06 September 2018
Corporate regulator the Australian Securities and Investment Commission and the Australian Banking Association have settled on a revised Code of banking Practice.
Liberal Party leadership turmoil could mean Labor gets to implement its housing policy after the next election
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24 August 2018
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?
Typical household incomes of Melbourne renters falling behind inner-city rental prices
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22 August 2018
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.
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