The ACCC May Delve Deeper into Banking’s IO Rate Repricing

The ACCC, Australian Competition and Consumer Commission, is being encouraged to dig deeper into IO (interest-only) mortgage repricing by the House of Representatives Standing Committee on Economics. The ACCC has released three…

The Six Principals for Good Consumer Outcomes by the CIF

Broker remuneration is often based on consumer satisfaction. Why? Because confidence in mortgage brokering is imperative for the industry to survive and thrive. The CIF, Combined Industry Forum, responded to Treasure with…

Turnbull Government Looks to Revolutionise Business Lending

The Turnbull government is counting on Australian fintech lenders and mandatory comprehensive credit reporting to revolutionise business lending. Fintech start-ups have increased by more than 5 times as of July from lower…

Rise in Lending Volumes Shows 6 Percent Profit Growth for the CBA

In September’s quarter this year, The Commonwealth Bank of Australia (CBA) reported a cash profit of 2.65 billion dollars. The main reason for this increase is due to the increased lending volumes.…

One-Third of First Home Buyers are Borrowing from Their Parents

Surveys Say Mum & Dad Home Loans are Popular A recent survey by State Custodians has uncovered something interesting about first home buyers across Australia. Apparently, 29 per cent of Australians aged…

Eight Things You Should Know Before You Try Property Investing

The learning process for property investing is important, but if you can avoid the mistakes others have made, you will gain an edge. The learning curve of property investing costs you time,…

HIA Says This is No Time for Punitive Charges for Foreign Investors

The Housing Industry Association (HIA) warned the governments to “proceed with caution” regarding the proposed punitive measures on foreign investors. Why? The risk of an abrupt and rapid decline in home construction…

First-Time Home Buyers Turn to Family for Loans

As the Australian housing market becomes increasingly harder to afford for most first-time home buyers, an upturn in family loan help has begun. According to Michael Trencher, the head of broker distribution…

Australia’s’ Building Market – A Reversal of Growth

The national economy has been driven by Australia’s building market over the past few years. According to a report in BIS Oxford Economics, over the next three years, there will be a…

Home Loan Demands Continue to Rise

Home Loan Statistics and Data The Australian Bureau of Statistics’ latest reports say that home loan approvals increased in June by 0.5 per cent from May this year. This marked the second…

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