Economy

Broking franchise enters real estate market
10 August 2016
mortgagebusiness

New-to-industry broking group MoneyQuest has announced it is expanding its service portfolio to include buyer advocacy, vendor advocacy and property management.

Bank bolsters distribution but margins under attack
9 August 2016
mortgagebusiness

One of Australia’s largest regional banks has reported positive home loan growth over the 2016 financial year but record-low rates are beginning to squeeze its margins.

Cup Day rate cut likely, says AMP Capital
9 August 2016
mortgagebusiness

The dovish Reserve Bank of Australia could cut the cash rate again in November if current trends continue, according to AMP Capital.

$1 million lost in tax scams
9 August 2016
mortgagebusiness

Tax professionals should be wary of potential tax scams targeting their clients at this point in the tax calendar, with the Australian Competition and Consumer Commission reporting losses of ...

Mortgage managers announce merger
8 August 2016
mortgagebusiness

A Sydney-based mortgage manager and a Gold Coast non-bank lender will unite to form one group as the non-bank sector continues to consolidate.

Major bank chief to retire
8 August 2016
mortgagebusiness

A Westpac Group executive has announced that he will be stepping down from his role.

Majority of investors ‘losing’ money
8 August 2016
mortgagebusiness

Despite most property investors seeking out wealth and cash flow, a new report has revealed that over 60 per cent are making a loss on their rental properties.

Australian Unity changes gear on mortgage funds
8 August 2016
mortgagebusiness

Australian Unity aims to coax investors into a new contributory mortgage fund, even as it finalises the lengthy wind-up of two pooled mortgage fund products.

5 things to know when selling your mortgage business
8 August 2016
Simon James, mortgage business, selling your business, things to know, help save money

It may be tempting to take the ‘do it yourself’ route, thinking that this will help save money, but this is not the case when selling a business.

Non-major bank receives fresh credit outlook
5 August 2016
mortgagebusiness

Ratings agency S&P has revised its outlook for a leading non-major lender as the challenger bank continues to broaden its offerings and increase products per customer.