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How Uber Eats and Afterpay can hinder home loan applications

By | 2019-04-30T14:36:52+00:00 April 30th, 2019|News|

If you thought your Friday night ‘order in’ and buy now, pay later habits were harmless, think again, because your excessive digital spending could well derail your mortgage application. Our Afterpay payments, eBay and Uber Eats accounts, Netflix, Stan, and other online streaming subscriptions are coming under scrutiny by mortgage brokers and lenders when assessing

Young investors poised to take advantage of market softening

By | 2019-04-30T14:06:25+00:00 April 30th, 2019|News|

A survey by comparison website Finder has found 35 per cent of Millennials – which total 1.9 million Australians – think the current market decline has paved the way for them to enter the market. The survey, which polled 2,026 Australians, found that 19 per cent of Australians overall would be interested in purchasing property,

Brisbane Most At Ease With Loans

By | 2019-04-30T11:41:58+00:00 April 30th, 2019|News|

A new survey has found that home-owners in Brisbane fare the best when it comes to paying the mortgage comfortably. The research by Finder asked respondents if they struggled with their mortgage - and Brisbanites emerged as the most comfortable with their repayments among the capital cities. It found 62% of Brisbane respondents "can make

Federal Budget 2019: What’s in Store for the Property Industry?

By | 2019-04-03T09:58:29+00:00 April 3rd, 2019|News|

Infrastructure is the big winner in this year’s budget, with the government splurging on roads and railways to fight congestion and prop up a lethargic economy. Just weeks away from the election, Treasurer Josh Frydenberg delivered his maiden budget on Tuesday, unveiling $100 billion in infrastructure funding over the next decade. The budget appealed to

Mortgage System Won’t Change: Govt

By | 2019-03-28T09:18:36+00:00 March 25th, 2019|News|

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

Bank Aims To Destroy Brokers: Claim

By | 2019-02-27T10:07:02+00:00 February 27th, 2019|News|

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

Results of property investor survey

By | 2019-02-27T10:23:10+00:00 February 26th, 2019|News|

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.

Property in 2019: Experts reveal what to expect for the Qld market

By | 2019-01-24T16:08:39+00:00 January 24th, 2019|News|

 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 —