Have you ever thought about how the official cash rate (OCR) affects the housing market? As a mortgage broker, you will have control over how any changes made to the cash rate affect your interest rates. When the OCR is lowered, some banks and other lending institutions lower their interest rates. The latest decision from […]
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Working as a mortgage broker in Australia right now could be very profitable. The time is right for many people to snap up a bargain – be that as an investor or an owner-occupier, and everybody will be looking for a mortgage broker to help them. There are plenty of homes around the capital cities […]
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Do you know how to be successful as a mortgage broker? There are currently 5,850 mortgage broking businesses in Australia according to IBISWorld. For someone just starting out, having gone through the process with Redrock, that is a busy market to break into. However, an industry professional and experienced mentor will be by your side […]
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The Australian property market is a constantly evolving beast, and right now, becoming a mortgage broker is a sound move. According to a Real Estate Institute of Australia (REIA) report from the June quarter of 2016, capital city median house prices increased by an average of 2.1 per cent. Couple that with information from CoreLogic […]
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The modern business world as a mortgage broker has some interesting challenges. Firstly, there is a growing need to be competitive in a busy landscape, with so many other businesses all vying for the same competition. You also need to know when to expand, and how that could affect your business in the future. That’s […]
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Spring is the busiest time of year for property sales. People respond to coming out of the cold winter months by looking for a new home, and that’s great news for mortgage brokers. According to the Commbank-CoreLogic RP Data Home Buyers Index (HBI) from October 2015, markets with a ranking of 3 are balanced, rankings […]
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According to a Housing Industry Association (HIA) report from August 10, new home lending rose by 2.7 per cent through the month of June. That’s great news for people wanting to become a mortgage broker, as it’s showing how many Australians are getting into the housing market. Compared to June lending from a year ago, […]
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On August 3, the Reserve Bank of Australia (RBA) decided to cut the official cash rate to a record low of 1.5 per cent. The previous record of 1.75 per cent was in place for just three months before this cut. Many expected all banks to pass on their savings to customers by dropping interest […]
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In order to become a mortgage broker, you’ll need to make a commitment. Taking the time out of your already busy life to learn the ins and outs of the industry will set you up for a sound financial future. Right now, high rents around the country are making it difficult for people to take out […]
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Social media is being used by every man and his dog, and mortgage brokers can take advantage of that to enhance their own profile. People are constantly connected to their phones and social media profiles, and if you want to be a successful mortgage broker, then setting yourself apart from the crowd is vital. Facebook […]
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