After a change in career? Becoming a mortgage broker might be the best option for you, especially considering the current building approvals trend, according to the Housing Industry Association (HIA) in a February 2 media release. Australia is past the peak of building approvals seen toward the start of 2016, however the slight drop since […]
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Have you been thinking about a change of career for a while? Now’s as good a time as any – particularly in the New Year. A new career might have been on the horizon, and you decided to make it a New Year’s resolution. Well, becoming a mortgage broker will check that box, and put […]
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Are you looking to take advantage of the Australian property market boom and become a mortgage broker? Deloitte figures showed the country’s residential real estate home loan market was worth a staggering $1.4 trillion last year. Figures from the Mortgage & Finance Association of Australia (MFAA) revealed more than half of home loans were settled […]
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Have you ever thought about how the official cash rate (OCR) affects the housing market? As a mortgage broker, you will have control over how any changes made to the cash rate affect your interest rates. When the OCR is lowered, some banks and other lending institutions lower their interest rates. The latest decision from […]
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Spring is the busiest time of year for property sales. People respond to coming out of the cold winter months by looking for a new home, and that’s great news for mortgage brokers. According to the Commbank-CoreLogic RP Data Home Buyers Index (HBI) from October 2015, markets with a ranking of 3 are balanced, rankings […]
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According to a Housing Industry Association (HIA) report from August 10, new home lending rose by 2.7 per cent through the month of June. That’s great news for people wanting to become a mortgage broker, as it’s showing how many Australians are getting into the housing market. Compared to June lending from a year ago, […]
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On August 3, the Reserve Bank of Australia (RBA) decided to cut the official cash rate to a record low of 1.5 per cent. The previous record of 1.75 per cent was in place for just three months before this cut. Many expected all banks to pass on their savings to customers by dropping interest […]
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In order to become a mortgage broker, you’ll need to make a commitment. Taking the time out of your already busy life to learn the ins and outs of the industry will set you up for a sound financial future. Right now, high rents around the country are making it difficult for people to take out […]
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As a business in the finance or real estate sector already, you’ll know the positives of having various avenues available that are all helping you to turn a profit. Mortgage broking is one such avenue – well, at the moment it’s more of a wide street. There is a huge amount of space around Australia […]
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Earlier this week, the Reserve Bank of Australia (RBA) released a decision that the official cash rate (OCR) would be cut to a record low. This new rate is 1.75 per cent, down from the 2 per cent rate that had been in place since May last year. This was also a record-low when it […]
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