Mortgage brokers were responsible for 67% of the growth in the mortgage market in the year to September, according to research group ‘comparator’. The research commissioned by the Mortgage and Finance Association of Australia showed that of the $56.2 billion increase in mortgage lending in ABS Housing Loan statistics, brokers accounted for $37.7 billion, comparing […]
Property investment promoter, Park Trent Properties Group has been taken to court by ASIC for unlawfully promoting the use of Self Managed Super Funds to purchase investment property. ASIC alleges and is seeking declarations that Park Trent is unlawfully carrying on a financial services business without an Australian financial services licence. According to the regulator, […]
A Gold Coast-based credit finance and property management company has entered into an enforceable undertaking with ASIC over misleading advertising of financing options for home loans. From January 2012 to July 2014, Equanimity Concepts advertised that they could help consumers pay off their home loan in a very short amount of time. ASIC cites one […]
