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AFG has today asked the regulator to keep a watchful eye on the big banks to ensure they do not use the Government’s recently announced major bank levy and their own Australian Bankers’ Association (ABA) Retail Banking Remuneration Review as a justification to implement changes designed to reduce the financial viability of providing broking services […]
Housing was a hot button topic for the 2017/2018 federal budget, so it’s no surprise there were a raft of changes for real estate. The new measures have impacted on a variety of housing rules from first-home buyers’ savings strategies to what investors can claim at tax-time. Here are the five big announcements to know […]
Airbnb hosts in Melbourne are making up to $150,000 annually, according to Airdna, an analytics company that tracks the performance of Airbnb rentals around the world. Up to 15,640 properties were listed on Airbnb at the start of February this year, a significant increase from February last year, when 12,886 properties were listed on the […]
Industry Brokers – “If you can’t trust your broker, who can you trust?” I am in awe of what you do,” said Minister for Small Business Michael McCormack to a room full of brokers in Sydney. At a breakfast event held by the Mortgage & Finance Association of Australia (MFAA), the minister spoke of the […]
Banks accused of ‘regulatory manipulation’ with Sedgwick review! Stephen Sedgwick is not qualified to make any recommendations about broker remuneration, argues the head of an industry association, who has slammed the review for not consulting the third-party channel. Speaking to The Adviser, the FBAA’s Peter White said the release of the ABA-funded Sedgwick review is […]
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