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A recent article in Sydney Morning Herald discussed the likely impact of further interest rate cuts on house prices. In the past, lower interest rates were a major contributor to the significant increase in property prices. Interest rates have been a key driver of property prices Recent research by the RBA shows interest rates were […]
The Mortgage & Finance Association of Australia (MFAA) strongly welcomes today’s announcement by the Federal Treasurer, the Hon Josh Frydenberg MP, that the Government will not be prohibiting trail commission on new loans, but rather will review their operation in three years’ time. MFAA CEO Mike Felton said this was a great outcome for consumers, […]
On the same day the Banking Royal Commission released its report, the major banks share prices all increased. A few days later, commonwealth bank announced another record profit, with the other major banks expected to follow. The experts say the major banks are moving to block mortgage brokers helping borrowers, and this will kill competition […]