Comment of the Week goes to...
A topic which got brokers heated last week was on mentoring – more specifically, mentors charging ‘exorbitant amounts’ for their services to new brokers
April lending hits new high
Home lending finance has risen 1.4% in April, and total lending is at a record high, the latest ABS lending data shows
IMF is wrong about housing bubble, argues economist
Australia’s house prices are grossly overinflated – if you believe the IMF’s recent analysis. Economist Ross Guest argues there is no house price bubble in Australia
Cash-back firm urges clients to leave brokers
The chief executive of a consumer cash-back company is hyping consumers to take back $3 billion in ‘hidden fees’ paid to mortgage brokers and financial advisers each year
Cheaper mortgages prompt over-commitment: FBAA
The FBAA is alarmed at reports that cheaper mortgages could be on the way due to the European Central Bank's decision to push interest rates into negative territory
Interest rates too low for too long?
Current stable lending figures indicate interest rates should stay at their current levels, according to a real estate lobby group – but a former central bank board member disagrees