Monthly Archives: October 2018

First home buyers benefit from CCR – Aust Broker

  As read in The Aust Broker Online -Increased data sharing among lenders is helping first home buyers see the biggest boost in their perceived credit worthiness, despite also having some of the worst credit card repayment histories of all demographics. This comes from new research by Australian credit bureau Experian, which analysed 9.2 million […]

Social Change Making Loans Harder – Aust Broker Online

As read online -Brokers should be the first person a borrower speaks to when looking to buy a property, says the managing director of home building group Gemmill Homes. Craig Gemmill is warning that brokers and borrowers are not just facing longer processing times because of banks looking closer living expenses, but also because of […]

Demand for personal loans on the rise – MortgageBusiness

As read in MortgageBusiness Online -Personal finance approvals have increased against the backdrop of declining housing, commercial and lease finance approvals, according to the latest ABS data. The latest Lending Finance data from the Australian Bureau of Statistics (ABS) has revealed that personal loan approvals rose by 3.8 per cent in August, while housing, commercial and lease […]

Fixed rate demand rises by 6% in September – The Adviser

As read in The Adviser Online – Borrower demand for fixed rates increased in September, rising off the back of out-of-cycle rate hikes from the banks, according to Mortgage Choice. The latest internal data from Mortgage Choice has revealed that demand for fixed rate home loans increased by 6 per cent month-on-month, from 18 per […]

Cash rate announced by RBA _ Aust Broker

As read in The Aust Broker Online – The reserve bank of Australia has announced its October cash rate. For the 26th month in a row the rate has been left unchanged at 1.5%. RBA Governor Philip Lowe said, “The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having […]