Who is Out There Helping Consumers if Mortgage Brokers Aren’t?

AFG’s CEO points out that “broader consideration” is required on any type of wholesale changes to broker remuneration to protect the industry, maintain competition, and boost the longevity of this sector. Home…

Australia’s Mortgages – More Affordable Now Compared to 30 Years Ago

It might surprise you to learn that Australia’s mortgages are more affordable now as compared to mortgage affordability in 1990. This data comes from a current analysis by the Property Investment Professionals…

The Current Population Growth Spurs a Need for 215,000 More Homes

The most recent Housing Industry Association (HIA) report suggests that if Australia’s population continues its current growth spurt at 1.6 per cent per year, and if household incomes remain sluggish, building an…

How Stricter Lending Policies Helped Reduce Australian Household Debt

The Reserve Bank governor, Philip Lowe recently said that the stricter lending policies have helped reduce household debt at his address to the Australia-Israel Chamber of Commerce. He also stated that even…

Tips for How Brokers Can Find Opportunities in the SME Sector

The SME is set to grow in the coming months. The March SME Growth Index shows there are extensive opportunities for brokers in this sector. Therefore, mortgage brokers who are earnestly seeking…

A Non-Major Bank Rises Interest Rates

According to Australian Broker News, Suncorp, a non-major bank has announced that it will hike its interest rates on all variable loans for home and small business lending as of 28 March.…

27 Per Cent Profit Loss has Genworth Looking Offshore

Genworth Mortgage Insurance Australia Limited, a Lenders Mortgage Insurance (LMI) provider, recently reported their 2017 financial results, which showed they experienced a loss of 26.7 per cent. These financial results have been…

Opinion – Productivity Commission Report Based on Inferior UBS Research

If you haven’t seen the recent report by the Productivity Commission, it’s a harsh report about the mortgage industry based on poor research and the lack of accurate data. It’s in need…

2018 Could Be the Year of the Mortgage Broker

While the new, stricter regulations and the cooling of property prices seem like a challenge, these very aspects may offer mortgage brokers with a silver lining. Stricter Regulations When regulations change in…

Australia Suffers Strictest Credit Conditions in 15 Years

Richard Holden, a professor of economics at the University of New South Wales Business School, told The Australian Financial Review that Australia is following the same mistakes made in the US housing…

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