A tale of two mortgage brokers

As a property investor, I became worried about the high interest rate I was being charged on my variable-rate home loan, particularly after getting a letter in the mail notifying …

Market Turns For First Time Buyers

The four year retreat of first home buyers from market looks to have ended according to data released this week by the Australian Bureau of Statistics (ABS),  indicating that the …

The war on the banks – or the myth of the convenient monster

There is an idea that runs through literature that goes like this – if you want to create a simple and compelling narrative then you need to create a monster, …

Why I won’t be accessing my super early

Over the last couple of weeks, I’ve been asked on numerous occasions by friends, family and colleagues my opinion on whether allowing early access to superannuation is a good idea. …

Bank staff trump brokers on service times

The latest round of CoreData Home Loan Mystery Shopping in which 275 customers moved through the home loan process showed a rapid shift in channel behaviour. The Mystery Shopping Process …

Digital disruption races ahead in Europe and China

It’s easy to see why banks and fund managers alike are in love with automation – in terms of management, scalability and cost, machines are a lot easier to lover …

Building a Buffer

Reserve Bank of Australia (RBA) figures show home owners nationally are, on average, 2.5 years ahead with their home loan. But as always, averages don’t tell the full picture. In …

The Death of the Branch – and the Broker?

Innovation in the home loan industry is seeing the emergence of fintech companies offering a completely mobile experience in the mortgage lending process. Clickloans in Australia and Streamloan in the …

Mortgage Stress, Just a Rate Rise Away

The persistently low interest rate environment, coupled with rising house prices, has had an interesting impact on the household debt position of Australians. While presenting some insights from CoreData’s latest …

APRA Unintentionally Drives Massive Growth in the Non Bank Sector

One of the best proxies for what is happening in the housing market are the figures from Mortgage Broking Giant AFG – which reveal on a quarterly basis the home …