The majority of banks have increased interest rates on new investment loans and existing investment loans, and the increase in interest rates on existing investment loans is considered to be nothing more than price gouging, at their customers expense. Australia Prudential Regulation Authority (APRA) has gone to the banks and said we need to cool […]

As read in the Aust Broker Online brokers were responsible for over two thirds of the growth in the mortgage market in the year to June 2015. The research, conducted by comparator and commissioned by the MFAA, showed that brokers were responsible for 66.3% of new mortgage growth in the 2015 financial year. Out of the […]