REAL ESTATE

Mortgage Ezy announces SMSF loan

Mortgage Ezy has announced the release of a self-managed super fund loan. The mortgage manager has stated its SMSF loan product will be available to brokers "within days," and will carry a rate below 8%.
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Work on IDRs to avoid 'reputational' pain: COSL

The Credit Ombudsman has encouraged lenders and credit providers to improve their internal dispute resolution schemes to avoid the "reputational implications" of having a complaint taken to an EDR.

FBAA criticises educational 'impost'

FBAA president Peter White has weighed into the debate surrounding educational requirements for mortgage brokers, saying industry associations should not require higher educational standards than those dictated by ASIC.

QED Risk launches online compliance

QED Risk Services has repackaged its existing broker compliance offering as an online service, that will see brokers generate their own compliance reports by answering questions via the web.

Housing stock falls short of desires

Australians are ready to opt for housing types outside the traditional "detached home on a large block" stereotype, according to the Grattan Institute, but the housing market is not supplying dwellings to meet their needs.

Tips to attract top tenants

The average weekly rent in Australia is $450; over a year that’s $23,400. But a good tenant goes beyond what they’re paying in rent. You also want someone that will take care of the property, respect the neighbours and rent long-term. Even though the national vacancy rate is a relatively tight 2.2% - good tenants can be hard to come by.

New borrowers opt for discounted home loans

Ongoing discount interest rate home loans have become the top choice for majority or about 33 percent of new borrowers, according to May 2011 data from Australia’s largest independently owned mortgage broker, Mortgage Choice.

Stockland sells industrial assets to shift to residential

Property developer Stockland confirmed today in a filing with the Australian Stock Exchange that it is in discussions with a potential buyer for assets representing about 20% if its industrial portfolio. This comes as Stockland also announced that it has secured 339 hectares of residential land in south west Sydney.

Australian consumers spend, invest conservatively

The Reserve Bank's decision to hold off plans for an upward rate adjustment in the past few months had impact well on Australia's consumers, who are now more spend-thrifts and conscious on what to spend on.

ANZ chief goes on the offensive

Australia isn't going through a housing bubble, says ANZ chief executive Phil Chronican, but state and federal governments aren't doing enough to address serious housing issues.

Second-chance for older borrowers

A decline in housing affordability and increased difficulties saving a deposit has shifted the average age of first home buyers upwards.

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