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ASIC provides tips for financial resolutions

January 15, 2018

The financial services regulator is encouraging Australians to start the new year by setting financial goals, listing five tips to help achieve the feat. According to ASIC’s senior executive leader for financial capability, Laura Higgins, one of the most popular New Year’s resolutions is for people to “take control” of their money. However, Ms Higgins highlighted that […]

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Bank of Mum and Dad is fifth largest lender in Oz

December 16, 2017

A new member has officially joined the Big Four, becoming Australia’s fifth largest bank, according to Douglas Driscoll, CEO of Starr Partners. “I’m talking about the Bank of Mum and Dad,” he said. “We are encouraging first-home buyers to enter the market, but with escalating prices, it is more difficult than ever.” Lenders are generally […]

bank of mum and dad

Australia set for housing oversupply by 2018: BIS Shrapnel

December 6, 2017

A leading economic forecaster is warning that Australia’s housing shortage could evaporate by 2018, putting downward pressure on property prices. Many analysts argue a persistent housing shortage over the past decade is responsible for stubbornly high Australian home prices, which are much more expensive that most other developed nations. However, economic and property forecaster BIS […]

housing oversupply

FOS reports seven broker disputes in 2016/17

October 18, 2017

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 […]

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Broker loans almost reach $50bn mark

September 8, 2017

Australian mortgage brokers have broken new records, bringing in $49.46bn worth of residential home loans through the June 2017 quarter. This figure, which comes from the Mortgage & Finance Association of Australia’s (MFAA’s) latest quarterly industry survey, shows a growth in loan settlements of $3.4bn between the March and June quarters this year. The research […]

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