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Breaking News
Housing group says sales may have peaked
by Staff Reporter • 1 Jul 2014
New home sales may have peaked after 12 months of strong growth, but were offset by a decline in May.
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Banks small and large keep growing loan books
by Staff Reporter • 1 Jul 2014
The latest APRA statistics highlight the growth in the market, with all but one of the top lenders increasing its loan...
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Senate tells ASIC to lift its game
by Nick Bendel • 30 Jun 2014
ASIC has been told to improve its performance and pay close attention to brokers and other advisers who may be acting...
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Star firm scooping up clients rejected by other brokers
by Nick Bendel • 30 Jun 2014
One fast-rising brokerage has started reaping the rewards of a scheme that ‘coaches’ clients into finance over one...
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‘Generating referral business isn’t difficult’ in Canberra
by Nick Bendel • 30 Jun 2014
The city ranked as Australia’s most liveable place has been praised by brokers for having high-income residents who...
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Brokers urged to support investment property regulation
by Staff Reporter • 30 Jun 2014
Brokers have been urged to join planners and accountants to push for regulation in the investment property sector.
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Fewer migrants could mean less housing
by Staff Reporter • 30 Jun 2014
Australia may experience a drop in housing demand after attracting fewer migrants than in previous years.
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NAB questions volume incentives
by Nick Bendel • 27 Jun 2014
Volume bonuses have been put back on the agenda after one major bank questioned the practice.
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Give mortgage brokers the respect they deserve: MFAA
by Nick Bendel • 27 Jun 2014
The MFAA has demanded that APRA back down from its claim that third-party loans are riskier than loans from other...
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Mortgage Ezy launches no-fee loan product
by Staff Reporter • 27 Jun 2014
One lender has said it will reward brokers and challenge its rivals with a new no-fee product.
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Data on foreign real estate investors is ‘quite patchy’: ABS
by Staff Reporter • 27 Jun 2014
Australia’s central bank has said foreigners are not pricing first home buyers out of the market – but another...
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Big four banks improving their cross-selling ability
by Staff Reporter • 27 Jun 2014
The majors now hold almost one-third of their customer’s financial products, indicating that their ability to...
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Firstfolio debt position improves with CBA deal
by Nick Bendel • 26 Jun 2014
Firstfolio has taken a major step towards solidifying its future after a company linked to a major shareholder agreed...
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NAB adds weight to number one ranking
by Nick Bendel • 26 Jun 2014
NAB’s decision to increase its commissions and rebrand Homeside has reinforced its rise from last to first in the...
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Cash flow lender eyes broker business
by Nick Bendel • 26 Jun 2014
The new general manager of a cash flow lender has offered brokers “generous upfront and ongoing commission” in...
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Brokers jump at free marketing support
by Staff Reporter • 26 Jun 2014
Over 100 businesses so far have taken up the offer of free MFAA marketing support.
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Sydney and Melbourne auctions set to break records
by Staff Reporter • 26 Jun 2014
Auction market records are on the verge of being broken, with the usually quieter winter selling season nowhere in...
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Commission increase spurs industry debate
by Nick Bendel • 25 Jun 2014
Prominent industry figures are divided about whether NAB can expect increased volumes from its commission restructure...
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John Symond urges govt not to over-regulate
by Staff Reporter • 25 Jun 2014
Aussie Home Loans executive chairman John Symond has warned that consumers will suffer if the industry is...
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No bubble despite ‘difficult affordability conditions’: Residex
by Staff Reporter • 25 Jun 2014
Australia’s property market has been tipped to avoid a bubble, despite most Australians having to spend more than 30...
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Lender grows mortgage business by 55pc
by Staff Reporter • 25 Jun 2014
One lender has announced plans to double its mortgage business after reporting a big increase in broker-referred...
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Report reveals where Australians put their salary
by Staff Reporter • 25 Jun 2014
Borrowers who are struggling to save a deposit are probably spending half their income on rent, utilities and...
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Major bank ramps up commission
by Alex Whitlock, Nick Bendel • 24 Jun 2014
In a shock announcement, first-year trail commission has been reintroduced by one of the big four banks.
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Bank cuts variable rates again
by Staff Reporter • 24 Jun 2014
One lender has announced a rate cut of 20 basis points less than two months after announcing a 25-point cut.
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CBA ‘ignored evidence of $100m fraud’: Fairfax
by Staff Reporter • 24 Jun 2014
Fairfax Media has reported that the Commonwealth Bank “repeatedly ignored evidence of an alleged $100 million fraud...
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