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Banking royal commission: Mortgage brokers launch campaign against Hayne – Commissioner Kenneth Hayne’s final report recommended abolishing mortgage broker commissions in all forms and moving to a model where the customer pays the broker directly. The Mortgage & Finance.
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Let the bloodbath begin’: House prices in Sydney and Melbourne could halve’ in worst crash since 1890s – House prices in Sydney and Melbourne could fall by up to 25 per cent this year. from the $120 billion interest-only loan rollover and mortgage broker exodus to the Labor Party’s proposed tax.
Brokers take big bite from big four mortgage revenues, analysis shows – Mortgage brokers have sliced net interest margins of the big banks by up to 20 per cent over the past decade through increasing competition and reducing costs, according to analysis by KPMG. More.
Buyer sentiment given another boost – “But don’t get carried away,” says Andrew Fawell, a director of Buxton-Stonnington, an inner-Melbourne real estate agent. falling below the 3 per cent long-held threshold. Mortgage brokers claim.
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