Low-income borrowers may still struggle to secure finance using affordability schemes

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Low-income borrowers may still struggle to qualify for finance if using a two per cent deposit housing affordability scheme, according to one of the nation’s most awarded mortgage brokers. 2021... Read more continue reading

AMP Bank accelerates launching a digital mortgage

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AMP Bank has announced the development of a digital mortgage for retail customers, leveraging FinTech Nano’s lending platform which will accelerate bringing a digital offer to market. AMP Bank’s solution... Read more continue reading

Research reveals 57% of Australian first time home buyers think all banks are the same

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Leading research provider YouGov has released findings that confirm 57% of Australian first time home buyers think all banks are the same. The pulse check into Australian first time home... Read more continue reading

Time for the average Aussie couple to save for first home reaches up to 8 years

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Domain, a leading property marketplace has released their annual First-Home Buyers Report, which reveals the time Australians need to save when planning for the purchase of their first home. Domain’s... Read more continue reading

New fintech Boomer Home Loans to launch as Australia’s first over-55s specialist home loan provider

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A new Western Australian fintech focused on addressing residential lending challenges for older Australians is set to disrupt the traditional lending market by becoming Australia’s first specialist home loan lender... Read more continue reading

Australians turn to mortgage brokers as the property market heats up

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As more Australians emerge from lockdowns, the property market continues to surge ahead.  The latest research[1] from MyState Bank indicates that Australians are viewing mortgage brokers as highly valued partners in... Read more continue reading

States bolstering coffers at expense of housing affordability

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Stamp duty has become the antiquated blight of the Australian housing sector as prices soar and governments continue to penalise home buyers with higher taxes which is leading to a... Read more continue reading

Westpac sells Lenders Mortgage Insurance business to Arch Capital and enters 10 year supply agreement

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Westpac Group has announced it will sell Westpac Lenders Mortgage Insurance Limited (WLMI) to Arch Capital Group (Arch) and enter into a 10-year exclusive supply agreement for Arch to provide... Read more continue reading

Seller confidence rebounds as buyer demand continues to surge

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Research released from Westpac shows more Australians are thinking about selling their home now than before the pandemic, with low interest rates, improved consumer sentiment and strong economic forecasts fuelling... Read more continue reading

Australia is a significant part of the global equity release trend

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The growing attraction of equity release for retirees in Australia is part of a global trend, according to the recent Global Equity Release Roundtable 2020 survey. The 2020 survey, published by... Read more continue reading