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Tic:Toc to undercut broker distribution in white label play

December 16, 2017

Mortgage brokers are facing a double threat from online lender Tic:Toc, which is seeing a surge in demand from consumers and interest from banks and non-bank lenders looking for cheaper distribution. Tic:Toc promotes its quick turnaround times and convenience. The group only offers its own branded mortgages, which it says can be approved within 22 […]

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APRA eager to wind back lending curbs

November 28, 2017

Speed limits on investor lending and other macro-prudential measures were always intended as a “temporary” solution, according to APRA chairman Wayne Byres.   Macro-prudential measures were introduced in 2015 as a response to growing fears that the Australian mortgage market was becoming imbalanced. Little indication has been given since then about how long these constraints […]

lending

Inappropriate finance most common broker complaint

October 24, 2017

The most common consumer complaint against mortgage brokers relates to inappropriate finance and responsible lending, a new industry report has found. In the latest Credit Industry Ombudsman (CIO) Annual Report on Operations, around 360 complaints were received about brokers and aggregators in the 2016/17 financial year. This accounted for 6.1% of the almost 5,900 complaints brought […]

inappropriate finance

Depreciation: Overrated or misunderstood?

September 19, 2017

The important role of depreciation benefits in a successful portfolio-building strategy is widely misunderstood. In fact, some investors miss out on valuable financial benefits and this reduces the profitability of their investments I am often asked questions about the ‘right’ way to invest in property. In fact, one of the most common queries I field […]

Depreciation benefits

More Australian investors sacrificing lifestyle to buy property

September 16, 2017

New research shows that more Australian investors are choosing to sacrifice their lifestyle in order to buy properties. According to Mortgage Choice’s Investor Survey, 71 per cent of property investors had to make lifestyle sacrifices so they could buy residential properties, up from 69.4 per cent last year and 68.1 per cent in 2015. “Our research […]

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