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1300 805 221
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The Financial Ombudsman Service (FOS) has released new figures revealing the low number of broker disputes compared to the banks. The FOS Annual Review 2016-17reported 25,300 accepted disputes overall during the year. Of these, 10,400 involved the banks while only seven involved mortgage brokers. These seven disputes included two around advice, two around charges, one around […]
Australian homeowners are failing to put in the effort and seek out better home loan deals despite slow wage growth and piling levels of household debt. These findings come from new research by State Custodians Home Loans which polled over 1,000 people across the country. Surprisingly, only 13% said they were always on the lookout […]
The boss of one of Australia’s largest home loan comparison websites says that mortgage comparison rates are now obsolete and “decades behind” today’s market conditions. RateCity CEO Paul Marshall said that while the comparison rate is a good concept, it is no longer helping mortgage borrowers as much as it once did. “The comparison rate […]
If Perth housing market hasn’t already hit the bottom of the market cycle, we are very close. It’s always interesting as a valuer watching markets go up, down and sideways and analysing the reasons why. Perth’s current residential property market has a bit of everything – good, bad and ugly with plenty of good buying […]
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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