Author Archives : ihluser


Greens propose ‘People’s Bank’ for low interest loans – MortgageBusiness Online

As read in MortgageBusiness Online – The Greens have called for the establishment of a government-owned “People’s Bank” backed by the Reserve Bank of Australia. The leader of the non-major political party, Richard Di Natale, on Wednesday (4 April) advocated for the establishment of a nationalised, online People’s Bank that “injects real competition into the […]


Arrears on the rise in early 2018 – Aust Broker

  As read in Australian Broker Online -Employment conditions may be improving across the country but it seems many Australian lenders are still on shaky ground after recent data reported a rise in home loan arrears rose in January. The Standard & Poor’s Performance Index (SPIN) for Australian prime mortgages increased to 1.30% from 1.07% […]


ACCC releases mortgage pricing report – MortgageBusiness

As read in MortgageBusiness online – “Opaque” pricing of discounts on home loan offerings has inhibited borrowers from making informed choices, according to a report from the Australian Competition and Consumer Commission. After monitoring prices charged by the Commonwealth Bank, ANZ, NAB, Westpac and Macquarie Bank, the ACCC’s residential mortgage price inquiry has found “less […]


NAB develops mortgage for ‘world-first’ co-ownership platform –MortgageBusiness

  As read in MortgageBusiness Oline -The major bank has developed a new mortgage product in partnership with a co-ownership platform, positioning the product as a potential solution to Australia’s housing affordability crisis. Launched this week, Kohab is an online marketplace for co-ownership of property and helps potential buyers in three ways: by co-living (whereby one […]


NPP set to ‘transform’ banking – MortgageBusiness online

As read in MortgageBusiness online – Australia’s banking sector has rallied behind the introduction of the New Payments Platform, designed to enable the instant, cross-institutional transfer of funds. Lenders, including the big four banks, are set to enable their customers to send and receive funds in real time through the New Payment Platform (NPP), which […]


Consolidation in time of heavy indebtedness – The Adviser

As read in The Adviser online -Debt consolidation is gaining more attention as Australian households face mounting debts. As the country’s household debt-to-income ratio hit almost 200% and total household debt reached a record $2.4trn this year, simplifying repayments and taking control of one’s debt are becoming important topic areas to discuss with clients. While […]


Industry body urges big banks to drop rates – The Adviser

As read in The Adviser online – The head of the Finance Brokers Association of Australia has called on the big banks to drop home loan rates. FBAA executive director Peter White recently welcomed moves from non-banks to drop interest rates, but he stated that he’s “disappointed” that major banks haven’t followed suit. “It is […]