Prospective borrowers struggling to grasp mortgage concepts
Almost half of prospective home buyers are unfamiliar with key mortgage terminology, according to new Westpac research.
Abolishing LRBAs could ‘unjustifiably disadvantage’ SMEs
Small businesses would be “unjustifiably disadvantaged” if limited recourse borrowing arrangements were to be abolished, the CEO of a commercial property lender has warned.
Easter auction volumes fall to seven-year low
This year’s Easter auction volumes were the lowest since 2012, with Sydney and Melbourne reporting the sharpest falls, according to the latest figures from CoreLogic.
ATO to scrutinise property investor claims
The Tax Office has warned that it will be scrutinising claims by property investors in the upcoming tax season.
Major bank drops home loan rates
A big four bank has cut its mortgage rates by up to 36 basis points, becoming the third major lender to reprice its home loan products over the past two weeks.
NAB’s customer remediation costs surpass $1bn
The major bank has revealed that its earnings are to be hit by an additional $522 million in customer-remediation costs.
Less than a tenth of Millennials are investing in property
Young adults in Australia are saving more than the rest of the population, but anxiety about their current financial situation may be weaken...
NZ government scraps capital gains tax
The New Zealand government has announced that it would not proceed with the proposal to impose a capital gains tax due to lack of public support.
Peter Langham
Choice is crucial: Growth would slow without brokers
Mark La Bozzetta
Setting your firm up for success in a post-royal commission world
