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Lender loyalty tax persists in impacting borrowers
by • 12 Dec 2023
Existing borrowers have been charged rates 0.29 bps higher than new borrowers on average, presenting challenges for...READ MORE
Brokerage co-founder becomes CEO of PropHero
by Annie Kane • 12 Dec 2023
Broker partnerships will be top of mind for the proptech company, as it confirmed it has appointed a brokerage... READ MORE
Foreign investment changes a ‘step in the right direction’:...
by Josh Needs • 12 Dec 2023
A tripling of foreign investor fees, while a positive step, will not solve the housing crisis, members of the broking... READ MORE
Trust ‘key to client loyalty’: FBAA
by Adrian Suljanovic • 11 Dec 2023
New research has found that brokers’ mortgage market share is fundamentally built on trust.
READ MORE
LoanOptions.ai launches auto complete loan application engine
by Reporter • 11 Dec 2023
A new iteration of the neobroker’s app can reportedly cut asset finance loan applications in half by using... READ MORE
Over 80% of businesses experienced late payments: CreditorWatch
by Josh Needs • 11 Dec 2023
Late payment times have meant organisations facing a challenging operating environment are being further... READ MORE
Federal Court fines ANZ
by Adrian Suljanovic • 11 Dec 2023
The major bank has been ordered by the Federal Court to pay a penalty for breaching its continuous disclosure... READ MORE
FBAA flags ‘concern’ with new advice model
by Annie Kane • 8 Dec 2023
Concerns have been raised by the broker association that the government’s new ‘qualified advice’ model will... READ MORE
How supportive are lenders’ policies? Brokers reveal
by • 8 Dec 2023
Brokers have highlighted several lenders for maintaining more stringent policies during economic setbacks, while others... READ MORE
Brokers now able to access open banking loan data via new app
by Reporter • 8 Dec 2023
A broker tech company has rolled out an open banking app that enables brokers to track their clients’ loans via open... READ MORE
Hot Property: The biggest property headlines from week 4–8 December
by Adrian Suljanovic • 8 Dec 2023
The weekly round-up of the biggest news stories from across Momentum Media’s property brands from the week ending 8... READ MORE
Government creates new type of financial adviser
by Annie Kane • 7 Dec 2023
The government is creating a new class of financial advice provider, which will grant banks and insurers the ability to... READ MORE
Lender lowball valuations stifling mortgagors
by Josh Needs • 7 Dec 2023
Approvals are being stymied by lowball valuations and by lenders requiring lengthier, full valuations, brokers have... READ MORE
Why split loans are becoming more attractive
by Adrian Suljanovic • 7 Dec 2023
A growing number of potential buyers are seeking out split home loans to enter the property market, a broker has... READ MORE
Big businesses that fail to pay will be named and shamed
by Josh Needs • 7 Dec 2023
The government has confirmed it will be “increasing pressure” on big businesses to pay invoices on time, a move... READ MORE
Better Business Awards 2024 finalists revealed
by Malavika Santhebennur • 6 Dec 2023
More than 670 top-performing members of the broking industry have qualified as finalists at the state-based Better... READ MORE
FBAA appoints inaugural national commercial and asset manager
by Reporter • 6 Dec 2023
The broker association has appointed its first national commercial and asset manager as it moves to support more... READ MORE
AFG ‘positioned for industry consolidation’
by • 6 Dec 2023
The aggregator has flagged that industry changes are expected to lead to increased mergers and acquisitions among... READ MORE
Borrower relief this holiday season as RBA holds
by Adrian Suljanovic • 5 Dec 2023
The Reserve Bank of Australia has decided to pause the official cash rate in its last meeting of 2023.
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Brokers expect RBA to hold cash rate
by Adrian Suljanovic • 5 Dec 2023
With the central bank due to meet for the last time in 2023, the mortgage broking industry has weighed in on its... READ MORE
New investment and owner-occupied lending figures rise
by Josh Needs • 5 Dec 2023
Despite refinanced loan numbers dropping, brokers have said they are seeing some of their strongest months for mortgage... READ MORE
Borrowers to feel the pain as APRA holds buffers
by • 5 Dec 2023
The prudential regulator’s decision to uphold the 3 per cent serviceability buffer will continue to challenge... READ MORE
Young mortgage holders looking for better deals: MyState Bank
by Josh Needs • 5 Dec 2023
The lender has found that two in five mortgage holders have looked for a better deal in the last six months, with... READ MORE
MFAA urges Senate to look at discharge times
by Annie Kane • 4 Dec 2023
The chief executive of the broker association has told Senate that brokers are critical to regional borrowers and urged... READ MORE
Broker focus should be on fixed-rate clients: Connective
by Adrian Suljanovic • 4 Dec 2023
As more borrowers roll off their fixed-rate terms in the next year, the aggregator’s executive director has urged... READ MORE
Home loan reforms needed to help abuse victims, says CWES
by Josh Needs • 4 Dec 2023
Mortgage and lending reforms are needed to better protect victim-survivors from post-separation economic abuse,... READ MORE
Purple Circle partners with deposit bond provider
by Reporter • 4 Dec 2023
The aggregator’s brokers can now help borrowers get onto the property ladder faster by offering them deposit bonds as... READ MORE
Returning ‘stability’ sees dwelling approvals rise: Broker
by Josh Needs • 1 Dec 2023
The increase in building approvals in October is a sign of the returning economic stability and greater construction... READ MORE
Former sub-aggregator CEO buys broker mentoring business
by Annie Kane • 1 Dec 2023
Former Buyers Choice chief executive Brett Mansfield has acquired a broker mentoring business in partnership with... READ MORE
Trail Homes launches alternative finance facility
by Josh Needs • 1 Dec 2023
The trail book purchaser has revealed its new Guaranteed Run-Off finance... READ MORE
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