News

The country’s biggest mortgage broker, AFG, has reported a 16 per cent jump in the value of home loans processed last month after interest rates were cut quarter of a per cent back in February.

The RBA surprised a few pundits yesterday when they left interest rates unchanged at 2.5 per cent.

The Federal Government has proposed hitting foreign buyers with steep application fees every time they want to buy property in Australia, and there are concerns about what it will do to foreign investment.

When our economy is sluggish and it needs a kick along the best way to initiate activity is to cut interest rates right? Wrong, according to one of Australia’s leading economists.

Brokers account for nearly two thirds of the growth in the home loan market over the last year but their share of the entire mortgage market dropped in the December quarter.