Debt free equity release continuing to be a popular alternative to Reverse Mortgages

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A review released this week by ASIC into the reverse mortgage market in Australia, has drawn attention to the need for safe and certain equity release solutions for older homeowners. Homesafe Solutions Pty Ltd, the provider of Homesafe Wealth Release®, the only competitive alternative to reverse mortgages in the equity release sector, welcomes the report’s […]

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Refinancing your mortgage – Is it really worth it?

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According to Chris Straw, mortgage finance expert and co-founder of You‘re Welcome Finance, one of Australia’s leading finance brokers, despite all the recent changes to the finance sector and Australia’s enjoyment of some of the lowest interest rates in history, refinancing still requires careful consideration.  “There is no doubt, nearly every person I meet with to discuss refinancing their home loan is paying too […]

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How to own your home faster – Home ownership acceleration guide

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Offset An offset account is a bank account just like your transaction account and savings account, however, you do not earn interest. Rather, it offsets the interest you pay on your loan as it considers the money in the account has been paid off the loan. This still gives you the freedom to use this […]

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Borrowers favour smaller lenders, according to mortgage broker survey

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Larger banks are falling out of favour among homeowners seeking mortgages, according to the latest MyState Bank survey of its national broker network. In the survey, completed in last week of July, 70% of respondents reported they had noticed an increase in the number of clients asking for loan options from a smaller bank. Of […]

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Joust market-place eliminates the mortgage broker ‘middleman’ role

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Joust, an Adelaide based fintech that brings competitive tension to the home loan market by linking borrowers directly with over 20 lenders who compete against each other in real-time, has launched an equity crowdfunding campaign to raise $2 million. The Joust platform brings disruption to the $1.7 trillion home loan mortgage market where $2 billion […]

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Need to measure household expenditure accurately for lending purposes

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In light of the Royal Commission there has been much scrutiny towards the banks and by mortgage brokers. One of the key findings within the Royal Commission is the lack of verification of customer living expenses from mortgage brokers and the acceptance by the banks. The banks have always used a combination of the Household […]

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Mortgage brokers anticipate more business will go to smaller lenders

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An overwhelming proportion of mortgage brokers anticipate selling more home loans from smaller and regional banks to their clients this year, according to the latest MyState Bank survey of its national broker network. Respondent brokers said this was because smaller and regional banks had become as competitive as large banks and provided high levels of […]

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Vacancy rates dip in March

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Data released by SQM Research this week has revealed the national residential vacancy rate slipped to 2.1% in March 2018, with the number of vacancies Australia-wide falling to 68,964, down from 2.2% in February when 69,727 properties were available. Capital city asking rents have been pressured in Melbourne where the vacancy rate is just 1.4%. […]

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SQM Research releases its 2018 Australian Mortgage Trusts Sector Review

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As part of its annual domestic mortgage trust sector review, SQM Research has released a sector report covering the 12 most recognised Australian Mortgage Trusts. Managing Director of SQM Research, Louis Christopher said, “Australia’s mortgage trust sector has experienced rapid growth over the past 12 months. From our observations, funds under management has nearly doubled. […]

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Winners and losers from real estate tech disruption

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AMP Capital Head of Real Estate Research Luke Dixon investigates options for landlords to disrupt the disrupters in real estate In Sydney on Valentine’s Day 700 bunches of flowers were delivered from an unused car park floor in the CBD. If you want to make money in real estate, you need to understand why this […]

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