On July 5, the Reserve Bank of Australia (RBA) decided to leave the cash rate unchanged at the record low of 1.75 per cent. This is the third consecutive month at the same level, and it’s promising news for anyone interested in, or already working in, a mortgage broker career. The cash rate is the […]
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If you’ve ever wanted to buy a house, but didn’t have the available funds sitting in your bank account, you would have had to look at taking out a loan. Traditionally, banks have been the first port of call for people after a mortgage, but more recently, mortgage brokers have taken pole position in the […]
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While we would all like to have a million dollars, the reality is many people are not as well off as they want to be. In fact, with CoreLogic RP Data recording Sydney’s median dwelling value at nearly a million dollars, even those who are in solid financial standing might find it hard to take […]
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Negative gearing is a great policy for brokers because of how it works with tax deductions, along with allowing expansion of your client’s existing portfolios. The announcement on 14 February that the government and opposition are proposing to change the negative gearing reforms, which will come into effect in July 2017, is good news for […]
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Becoming a mortgage broker can be a great step forward in your career, and anyone can do it at any stage of their life. However, some people may wonder how much support they will get after they become qualified. Redrock’ mentoring program can help you there. Assisting my mortgage broker career A mentor provides a […]
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It appears that buying an investment property continues to be a major goal in the minds of Australians – something that mortgage brokers could no doubt benefit from. Realestate.com.au conducted a survey that examined what sort of property-based New Year’s resolutions Aussies had made. It turns out that saving up for investment real estate, as […]
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There are various conditions that mortgage brokers operate in, and it’s important they are aware of each one of them. The Mortgage Brokers in Australia report by IBISWorld explores these areas and what they mean for those in the business. Let’s delve into a few of these important factors that shape the mortgage brokering landscape. […]
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Mortgage brokering is an interesting industry that has proven to be essential in Australia’s real estate landscape. With its growing prominence, many people may be increasingly drawn toward this field. While the property market continues to play a big role in the minds of people and the national economy, the mortgage broker business doesn’t quite […]
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When it comes to pursuing a new career path, there are many things that’ll cross your mind. You might be pondering what kind of money you’ll be bringing in, how much business to expect and more. How relevant and important your role will be in the future could be something that forward-thinking job hunters will […]
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If you’re considering mortgage broker training, you might wonder about what sort of home buyers you’ll be working with. After all, owner-occupiers and investors would both require different types of home loans and have different needs that will need to be met. In the last year or so, investors have been a constant source of […]
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