As read in the Australian Broker Online – The Reserve Bank of Australia has chosen to leave the cash rate on hold in October after the most recent cut from 1.75% to 1.5% in August. The decision was expected according to a survey of 33 economists by finder.com who unanimously forecast that rates would be […]
As read in the Aust Broker Online -JP Morgan has warned that widespread price discounting in the mortgage sector could soon end as the major banks face the task of preserving mortgage profitability. The JP Morgan Australian Mortgage Industry Report – Volume 23, released yesterday, explored the sustainability of the major lenders’ current mortgage strategies and their […]
The JP Morgan Australian Mortgage Industry Report – Volume 23, released yesterday, noted that Westpac was rationalising its branch footprint and improving systems to support the group’s multi-brand strategy. “Over the last 12 months, Westpac have closed 173 branches (from 1,261 to 1,088) and have improved growth by increasing broker flow modestly from 47 per […]
As read in Australin Broker online – Interest rates have been at record lows, the property market has had a good run and, to maintain a balance in the market, the lenders are continuing to gradually tighten their lending policies. The latest changes have included amendments to servicing rates which may affect some borrowers and […]
