What is a Mortgage broker? “A mortgage broker is an intermediary between the borrower and the banks or lenders. Mortgage brokers usually specialises in home loans and other loans for individuals where as a finance broker specialises in business or commercial loans. A mortgage broker can help you compare the suitability of different mortgages to find a one that is

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Australia’s population is growing at a fast pace With the population of Australia growing and the demand for housing (and other properties) often outstripping supply, the construction of more housing is required to meet Australia’s need. So what is the solution? It is obvious really, we need more development. We need private individuals or companies/entities

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The post COBA concerned about vertical integrated mortgage brokers appeared first on Oak Laurel. The Customer Owned Banking Association has raised concerns about mortgage brokers in a submission to the parliamentary inquiry The Customer Owned Banking Association (COBA) has raised concerns about mortgage brokers in a submission to the parliamentary inquiry into home ownership. COBA’s concerns include a

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Thursday, 02 July 2015 | by Nick Bendel It scarcely seems possible, but Australia’s two largest markets are only getting hotter. Sydney’s median house price reached $900,000 at the end of June after growing 17.8 per cent over the year, according to new statistics from CoreLogic RP Data. That compared to a growth rate of

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Mount Waverley the top growth suburb in Melbourne,  Victoria Latest data from The Real Estate Institute of Victoria shows that Mount Waverley is the fast growing suburb for houses in Victoria. Mount Waverley is growing at a fast pace due to high demand from families, particularly wealthy Chinese, looking for good schools (some of the best

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It has been reported that some trade unions are calling for a halt to Australia’s temporary work visa programs until the full senate Inquire concludes its findings. Unions are calling for a crack down on 457 visa and working holiday visa programs as well as the labour hire sytem and rogue operators. Unions have provided

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Financing your property development project: How to get your funding approved Property development can be financially rewarding if done right. However there are many potential pitfalls that need to be avoided in order to make your project a success. Finance is not the most sexy part of property development but it is arguably one of

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The Today show money correspondent Ross Greenwood advised the full 25% rate cut savings was worth $3.34 billion in potential stimulus – money back in the economy. But not all banks are passing on the full cash rate cut. With some $1.33 trillion in home owner and investor home loans, Greenwood calculated that on all banks passing

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Some of Australia’s biggest banks are under attack for failing to pass on in full to home loan customers the Reserve Bank’s interest rate cut. Only one of the nation’s big four banks, ANZ, has followed the RBA’s lead and cut standard variable home loan rates by 25 basis points. ANZ’s rivals, the Commonwealth Bank

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