Home Loan News

ASIC to receive real-time home loan data

In a bid to crack down on excessive and risky home loans being sold, ASIC is seeking to implement a new system of real-time mortgage data collection.

By William Jolly ● February 28, 2019

Construction sector suffers further falls in December quarter

Australia’s construction sector has continued to decline, with total construction falling over the three months to December 2018.

By David Lammey ● February 27, 2019

Banks could be hit with $640 million levy to support victims of misconduct

Labor leader Bill Shorten will announce a $640 million levy on Australia’s large banks and financial institutions, aimed at supporting those ripped off by the financial sector.

By David Lammey ● February 25, 2019

Lenders should pay flat 1.1% fee to mortgage brokers: Labor

Labor has backflipped on intentions for implementing the ‘borrower pays’ approach to mortgage broker commissions.

By William Jolly ● February 22, 2019

Auction clearance rates fall year-on-year: CoreLogic

CoreLogic’s latest auction statistics show that 55.2% of properties were cleared this past week across Australia from 1,444 auctions.

By William Jolly ● February 18, 2019

First Home Super Saver Scheme could be phased out

Australians may soon lose the ability to save for a deposit on a first home through their super fund, should the Labor Party win the next federal election.

By Dominic Beattie ● February 18, 2019

Cost of living a key concern for Aussie millennials

A new report has revealed that for many Australian millennials, ‘the cost of living’ is considered to be the most important issue ahead of the upcoming federal election.

By Dominic Beattie ● February 15, 2019

Mortgage broker battle heats up as key consumer groups withdraw support

A number of consumer groups have removed customer representatives from a mortgage broker industry forum, saying that the industry isn’t interested in doing right by the community.

By William Jolly ● February 15, 2019

Number of vacant properties rises 40% in Sydney

Property investors in Sydney may face tough times ahead as the number of vacant properties jumped 40% over the past 12 months, according to SQM Research.

By William Jolly ● February 14, 2019

ASIC seeks input on responsible lending

In response to changes in technology and the release of Hayne’s final report of the royal commission, Australia’s corporate regulator has deemed it timely to review and update its guidance around responsible lending.

By Dominic Beattie ● February 14, 2019

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