Mortgage News for Industry Professionals | Australian Broker News
网页AUSTRALIAN BROKER TALK. Australian mortgage news, featuring new lender products, developments in alt lenders, and all the news Australian mortgage brokers and finance experts need.
MA Money cracks $1 billion barrier | Australian Broker News
网页By Ryan Johnson. Mar 11, 2024 Share. MA Money, a division of MA Financial Group, has celebrated reaching a significant milestone: $1 billion in settlements. This achievement follows an impressive year for the non-bank lender, marked by a 244% increase in its loan book, with over $870 million added since its launch in November 2022.
Latest Mortgage Brokers Industry News | Australian Broker News
网页Rental boom nears its end. From rate changes to lender shakeups, the mortgage broker industry is constantly changing. Get the latest updates here.
Interest rate cut expected soon | Australian Broker News
网页Banks predict earlier rate cuts. Major banks, including Westpac and Commonwealth Bank, anticipate the RBA could lower rates even before inflation returns to the target range of 2% to 3%. These forecasts suggest the first rate cut could come as soon as November, with additional cuts expected by mid-2024.
FinSecure helps brokers go off panel | Australian Broker News
网页2023年11月30日 · By Ryan Johnson. Sydney-based mortgage management company FinSecure has announced it will expand to the west coast of Australia on the back of its unique offering picking up steam. The move westwards came as the industry increasingly requires brokers to extend their services and go off panel, with aggregators and lenders becoming more stringent.
7 Strategies to help brokers remain competitive
网页Be more efficient. It’s all going well: you’re making deals, keeping the customers happy and the trail book is growing. Many mortgage brokers know how that feels at the moment, with the Australian property market and ultra low interest rates keeping those commissions flying in. But remaining competitive as a broker isn’t just about ...
Cashback home loans and clawbacks: are brokers being left out of …
网页Cashback home loans are ripe for exploitation. “And then these customers who might be just chasing the cashback refinance the loan, go to another broker, then another and another, possibly make $15,000 extra cash in 12 months, while 5 or 6 brokers get a clawback on their commission”. “I think it’s very unfair for products to have these ...
Perth house prices set to soar | Australian Broker News
网页Current market statistics. As of June, Perth’s median house price was $668,000, already 11.3% higher than at the end of December 2023 and 22.6% higher than the previous peak of $545,000 set in 2014. The median unit sale price has also shown significant growth, increasing by 8.3% since December to reach $445,000 at the end of June.
ASIC enhances communication supervision - Broker News
网页ASIC’s Information Sheet 283, titled “Supervising your representatives’ business communications” (INFO 283), addresses the increasing risk posed by the use of unmonitored and encrypted communication channels. These channels could potentially allow financial misconduct to go undetected. The …
Bizcap charts month after month of double-digit origination growth
网页Bizcap has provided finance to hundreds of SMEs since the impacts of COVID were first felt, charting funding growth of over 275% in the past 12 months. According to Bizcap co-founder and joint managing director Zalman Blachman, this commitment to helping SMEs grow, in any market and under any circumstances, was one of the pillars on which the ...