Borrower

Property investors are becoming increasingly open to non-bank lenders as rigid traditional banking processes leave a significant portion of borrowers feeling locked out of the market.

Australians are increasingly turning to housing wealth to help fund retirement, as more borrowers enter retirement with growing pressure on traditional retirement income sources.

Mortgage and finance brokers have warned that the newly announced CGT and negative gearing changes are tightening the screws on borrowing capacity.

Scammers are becoming increasingly sophisticated in impersonating banks, leading to a warning from the federal police for borrowers to be on their guard.

Brokers have hailed the government’s 5 per cent Deposit Scheme as key to home ownership, as the initiative surpassed 300,000 Australians buying or building homes.

Brokers say refinancing demand is accelerating in the wake of the Reserve Bank of Australia’s latest rate hike, with borrowers moving early to avoid being squeezed out of the market.

The federal government is reportedly considering changes to the CGT discount ahead of the May budget, as pressure mounts to cut the current rate from 50 to 25 per cent.

The mortgage industry’s neat categories are blinding brokers to a fast-growing, high-value cohort – and leaking clean revenue in the process, writes Michelle Joseph.

Banks are increasingly reshaping their in-person offering, moving away from traditional teller services and towards lending, advice, and specialist support.

Australians are being urged to double-check payments, deliveries, and deals this holiday season, with scammers expected to capitalise on the festive rush through increasingly sophisticated ...