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Lending Restrictions May Relax

Regulators may ease home lending restrictions if property prices fall sharper than expected, reported The Australian Financial Review based on its interview with federal treasurer Scott Morrison. Morrison said the government was closely monitoring the slowing housing market and that stricter house lending rules imposed on banks over the past year were “completely malleable”. Tougher […]

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Australia Day 2018

Wishing you all a very happy Australia Day! Australia’s rich multicultural residents make us the great country that we all love. We hope you get a chance to enjoy the day with friends and family and remember that Australia truly is the “Lucky Country”

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ACCC urged to look into Interest Only rate repricing

Recommendations for the Australian Competition and Consumer Commission (ACCC) to delve further into interest-only mortgage repricing have been tabled by the House of Representatives Standing Committee on Economics. In its third report on the review of the four major banks released on Thursday (7 December), the committee proposed an added focus on June’s industry-wide IO […]

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Selling & Buying Is Stressful

Having recently sold my home and bought another, I know full well that both processes can be very stressful. We were fortunate that our sale only involved 3 Saturday morning half hour opens (for inspection) and a week of negotiating. That was stressful enough! Making sure the house was spotless for the inspections and trying […]

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Broker market share rises to a record 55.7% in September quarter

Australian finance brokers settled 55.7% of all residential mortgages during the September 2017 quarter, up from 53.6% in the same quarter last year, the latest industry data reveals. Mortgage and Finance Association of Australia (MFAA) CEO Mike Felton said this represented a record $51.77 billion worth of residential home loans settled by mortgage brokers nationally […]

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2017 Melbourne Cup

This year’s Melbourne Cup will no doubt be another great event and millions will again be bet on the race that stops the nation. We wish you all luck and remind you that the only way to guarantee not losing is to keep your money in your pocket! 🙂 Did you know: In 1877, the first […]

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