Townsville property squeeze boosting Great Start Financial
A severe housing and rental shortage in Queensland’s Townsville market has driven strong year-on-year growth in loan values written by the local team at mortgage brokerage Great Start Financial. Natalie Sleeman (pictured above left), who launched the brokerage eight years ago, said the now two-broker team (herself and Lisa Kefford, pictured ...
Can modular homes solve the housing crisis? - Broker News
By Ryan Johnson. Dec 13, 2023 Share. As state governments roll out plans to deliver more modular homes, many experts have welcomed pre-built housing as a solution to the current housing crisis. However, challenges remain on how to structure these developments from a lending perspective. “Broadly speaking, I think modular builds are hugely ...
Westpac, CitoPlus launch digital broker platform
Westpac has joined forces with Australian tech platform CitoPlus to introduce a new digital platform that enables brokers to submit loan applications for business customers online. Starting in October, brokers will have access to Westpac business lending products via this platform, allowing them to submit applications, upload documents, and ...
Rate changes continue across the market | Australian Broker News
Meanwhile, a total of 12 lenders made rate cuts, with 31 variable rates reduced by an average of 0.12% and 144 fixed rates dropping by an average of 0.30%. The lowest variable rate remains at 5.75%, offered by Abal Banking. There are now 204 rates below this mark on Canstar’s database, an increase of 92 from last week.
Brokers must be educated before writing private debt
However, Stuart recommended that, given the complexity and particular purpose of private debt products, brokers should ensure they were educated and understood the market. “Brokers must equally ensure they only provide private debt as an option to the right borrower,” he said. This involves doing due diligence on each client, by asking them ...
Perth house prices set to soar | Australian Broker News
Current market statistics. As of June, Perth’s median house price was $668,000, already 11.3% higher than at the end of December 2023 and 22.6% higher than the previous peak of $545,000 set in 2014. The median unit sale price has also shown significant growth, increasing by 8.3% since December to reach $445,000 at the end of June.
How brokers can use social media marketing | Australian Broker …
Nikolaou said brokers needed to choose the best platform for where their future clients would be. “For example, first home buyers (TikTok), tradies (Instagram), professional investors (Facebook), and professionals (LinkedIn),” Nikolaou said. Bhargava also uses the above social media platforms with the addition of Threads.
Quickli saving brokers time and stress | Australian Broker News
Shore Financial senior credit adviser Christian Stevens (pictured immediately below) said Quickli was an absolute gamechanger. “You can have a centralised dashboard that calculates in real time a client’s serviceability with every lender simultaneously,” Stevens said. “It saves at least 30% of the proposal time and allows you to focus ...
Westpac unveils green loan amid strong quarterly results
Westpac delivers strong quarterly performance. Westpac’s sustainable upgrades loan follows the bank’s recent work being joint lead manager on the first issuance under the Australian Government Green Bond Framework, a $7 billion 10-year sovereign green bond. This, along with several other initiatives, helped Australia’s second largest ...
NAB to grow broker channel, review clawbacks in 2024
Nov 24, 2023 Share. In the wake of a challenging year, NAB remains committed to growing its broker channel and will review broker clawback policies in 2024. Adam Brown, the bank's new executive of broker distribution, emphasised the broker channel's importance, stating, “We are the bank behind the broker. It is in our DNA.”.