Home Loan News

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

Mortgage holders relieved by RBA’s apparent delay on rate hikes

Fears among Aussie mortgage holders that the Reserve Bank of Australia will raise interest rates soon have diminished – lifting consumer sentiment, according to economists.

By Dominic Beattie ● February 13, 2019

Household lending down 15% over year

It’s another sign of the times for Australia’s slowing property market and tightening finance sector.

By Dominic Beattie ● February 12, 2019

UBank launches world’s first digital “human home loan application assistant

Online bank UBank has just released its latest innovation – a digital home loan application assistant that can answer more than 300 common customer questions.

By William Jolly ● February 11, 2019

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