Last week the government introduced a draft bill into parliament containing a new “best interests” obligation on mortgage brokers. It follows from the final report of the banking royal commission where the recommendation was made by commissioner Kenneth Hayne. Previously, the obligation on mortgage brokers was to recommend loans to clients that were deemed “not […]
Do mortgage brokers put your best interests first, or their own?
Property market outlook from senior economist at Macquarie Bank – Justin Fabo
Short summary is below. Melbourne and Sydney observations: – neither markets are really buyers markets or sellers markets at the moment, there’s something for everyone – stock levels remain very low, and clearance rates are therefore particularly high – stock levels tend to increase c 6 months after signs of high clearance rate data In […]