A few months ago the Banking Royal Commission recommended Brokers be paid by the Borrower. However, this will not be adopted by the new Liberal Government and will be reviewed in three years’ time. This means I will be paid by the Lender you choose, and not paid by you.
Category Archives: News
House prices and interest rate cuts
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 […]
Mortgage Brokers welcome decision on trail commission
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, […]