The prices of real estate has a major influence on a mortgage broker business. This industry relies on the demand of home loans, which is tied to people’s ability to actually afford housing. With that being said, the affordability of houses in Australia hasn’t exactly been in a particularly great state. Affordability dropping The value […]
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If you’re wondering whether to dip your hand into the pool that is mortgage broking, you should plunge yourself right in. The demand for housing in the country has never been higher, especially in property hotspots like Sydney, Melbourne and Brisbane. When there is housing to be bought, there’s going to be people needing mortgages. […]
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If you’re thinking about joining the mortgage broker business, you might just be tipped over the edge, with recent numbers painting a very enticing picture. A quarterly review from CoreLogic RP Data reveals Australia’s soaring real estate demand and growth over the July quarter of 2015. Residential property in the country reached a total estimated […]
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It’s an interesting time to be a mortgage broker. Demand for Australian housing has been relentless over the past few years. Combined with recent record low interest rates, this has caused sharp price growth, particularly in capital cities like Sydney and Melbourne. However, the Australian Prudential Regulation Authority (APRA) has taken steps to reduce this. […]
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If you’re wondering whether it’s a fruitful time to become a mortgage broker, the answer is a resounding yes. The Commonwealth Bank Home Buyers Index shows that for many capital cities, there is still plenty of need for mortgage brokers. Sydney, Melbourne and Adelaide specifically have been categorised as sellers’ markets. This means that demand […]
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The relationship between mortgage brokers and regulatory authorities is tense after comments made by Wayne Byres, chairman of the Australian Prudential Regulation Authority (APRA). “Third-party-originated loans tend to have a materially higher default rate compared to loans originated through proprietary channels,” said Mr Byres. The comments, made at the Australian Business Economists Lunchtime Briefing in […]
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More and more Australians are using a mortgage broker to finance their housing ambitions. A recent report commissioned by the Mortgage and Finance Association of Australia (MFAA) revealed the market share for mortgage brokering has skyrocketed to a new record high. Figures show the mortgage broker business accounted for 51.9 per cent of new home […]
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If you’re in the mortgage broker business, you’re likely to have been experiencing unrelenting demand from property buyers. The unprecedented low cash rate, which has remained steady at 2 per cent since May has resulted in low interest rates from lenders, making home loan repayments easier to manage. The thirst for real estate and consequently […]
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The confidence of consumers in Australia is continuing its ascent. Consumer confidence is an indicator that aims to interpret the level of optimism about the nation’s economy, not to mention Australians’ own personal financial standing. A high or increasing index means that people will feel more positive about spending money; regardless of whether it’s on […]
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There will soon be better incentive to use a mortgage broker, as home loan costs are due to go up – that is of course, if you use one of of the nation’s major banks. The Australian Prudential Regulation Authority (APRA) has announced increased risk weightings on home loans, but only for the principal four […]
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