The average loan size has increased by about a quarter in the last five years
Foreign investors look to snap up hotels and office assets, while appetite for residential property dwindles
Broker association says the interest-only lending cap could hurt small businesses
The exercise is part of ASIC's review of mortgage broking practices
At Australian Broker, we love a bit of healthy discussion. This week, we look at some grey areas in ASIC's guidelines.
RP Data has today announced a new partnership designed to put the Australian mortgage industry at the forefront of the digital revolution.
As property prices continue to rise and lenders fight for market share, borrowers are increasingly opting for loans with terms of up to 40 years – and brokers are being warned to be cautious.
ASIC has called for harsher penalties in the financial services sector to help remove ‘bad apples’ from the industry.
As brokers complain of unfair age-based policies by lenders , a recent decision should give clarity around lending to older borrowers.
A major bank has slashed its two- and three-year fixed-rate loans.