Our two largest cities have been declared by some to be in the grips of a ‘property bubble’. The basic economic laws are in play in Melbourne and Sydney, with historically low interest rates fueling the thirst for property and subsequently the need for a mortgage broker. Attempts have been made to increase the supply […]
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The historically low cash rate of 2.0 per cent that has kindled Australia’s hot property market is here to stay – at least for another month. The decision to leave the rate unchanged was deemed to be the best course of action by the board, said Reserve Bank of Australia Governor Glenn Stevens. “In such […]
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With interest rates tumbling to historic lows, it seems unlikely that borrowers across Australia would need another reason to secure a home loan. However, new research from the Australian Bankers Association (ABA) has revealed that bank fees for home loans have dropped considerably in recent years – something that could see more borrowers approaching mortgage […]
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The service of mortgage brokers looks to be in big demand, with new housing finance figures from the Australian Bureau of Statistics (ABS) indicating an encouraging jump in the value of commitments taken out during April. According to the ABS data, the total value of dwelling commitments rose 2.9 per cent over the month in […]
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New research shows that the average price of a home in Australia is more than double what it was 30 years ago – and mortgage repayments have followed suit. According to the group’s analysis, the average size of a mortgage is four times the price of the average income. This has some interesting implications for […]
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Ask anyone who has been involved in property in the last 12 months, whether a mortgage broker or a first time buyer, they are likely to tell you that the investment market is doing well. Australian Bureau of Statistics figures show that financing for owner-occupation is on the up and up, while a recent Housing […]
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Anyone considering becoming a mortgage broker will be heartened by recent CommSec figures that have shone a light on home financing across the nation. The quarterly State of the States report has broken down data from many different economic areas for Q3 of 2014, including housing finance. It compared the figures for each state against […]
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As an economic downturn starts to have some minor effects on industries like the resources sector, people may perhaps turn to other investment and career options – including becoming a mortgage broker. Although resource economies continue to lead the way on a national scale, their growth has slowed while there has been a speeding up […]
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When you look for a new job, you want one that is part of a thriving industry brimming with confidence – and if new research is anything to go by, the life of a mortgage broker fits this bill perfectly. Roy Morgan Research has released its latest Business Confidence survey, and findings show an overall […]
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Anyone paying attention to the market in Australia over the last year will have noticed the steady interest rate environment and its impact on lending. With the Reserve Bank of Australia (RBA) leaving the cash rate unchanged since August 2013, the Australian Bureau of Statistics has noted that lending finance has continued to trend upwards […]
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