With an election just weeks away, the Federal Government has backed away from the banking royal commission's recommendation that all commissions in the mortgage broking industry be abolished and consumer groups warn it will leave borrowers worse off. Key points: When Kenneth Hayne's final report was released, the Government pledged to ban trailing commissions from
Australian women are more likely to own their home than men despite the pay gap. Overall, 60% of Australian women own their home either with a mortgage or debt-free, compared with 56% of men, according to ABS figures. Among the under-35s, 27% of women and 21% of men own their home. EY chief economist Jo
One of the largest mortgage broking groups says Commonwealth Bank has a concerted strategy "to destroy" the broking industry. Finsure, which has a network of 1,500 loan writers, is among mortgage brokers who oppose the Hayne Royal Commission’s call for commission payments to be scrapped. Finsure managing director John Kolenda claims CBA and its chief
Momentum Wealth’s annual Property Investor Survey gives unique insights into the minds of Australian property investors, uncovering the latest trends and preferences amongst those in the market. The results presented in this report are based on the responses of 483 participants who have a variety of experience in property investing, from complete novices to experienced, multi-million-dollar portfolio owners.
It will be remembered as the year Brisbane outshone the nation’s two biggest housing markets and defied a property downturn gripping other states. Home values in 2018 in the Queensland capital rose a steady 0.3 per cent at a time when they fell 5.8 per cent in Melbourne and 8.1 per cent in Sydney —
We are excited for a huge 2019... It's only been a few weeks back from holidays and we are already very excited for what is to come in 2019, including a number of projects currently underway or approaching completion. Everton Breeze, which is estimated to be complete in March, includes 37 stylish three bed, two bath
The results of a survey from a bank have found that almost 50% of investors avoid applying for home loans because they are too difficult – some would prefer to sit in peak-hour traffic or visit the dentist. Conducted by St.George Bank, the 2018 St.George Home Buying Survey determined that, rather apply for a home loan, 17%
Have you had your say on the future of renting in Queensland? Remember, the closing date for feedback is 30 November 2018. Property owners and renters are being invited to have their say as the State Government plans to overhaul 40-year-old renting laws. The review is looking at how to make it easier for renters
Many Aussies want to buy their own home to raise a family and set themselves up for the future. Owning a property is also one way to look at securing your children’s future. If you’re a parent, you might have wondered at some point, ‘how can I help my kids develop good habits with money
The typical Australian is richer than the typical person in any other country in the world, according to a new survey. Australia has seized from Switzerland the global title of having the highest "median wealth per adult", in Credit Suisse’s 2018 Global Wealth Report. Not only are Australians rich by global standards, our wealth is
