Understanding borrowing activity in the market can give you important insights as a mortgage broker. It’ll clue you in to the sort of products and borrowers you’ll be working with. With this in mind, let’s take a look at recent figures from the Australian Bureau of Statistics (ABS) looking at movement in investment and owner-occupier […]
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If you’re getting mortgage broker training or about to make the leap yourself, it’s always good to be aware of movements in both the housing and finance markets. The demand for different products increase and wane based on a variety of different factors. Let’s take a look at how each type of residential financing is […]
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Mortgage brokering is an interesting industry that has proven to be essential in Australia’s real estate landscape. With its growing prominence, many people may be increasingly drawn toward this field. While the property market continues to play a big role in the minds of people and the national economy, the mortgage broker business doesn’t quite […]
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A December 7 case study by McCrindle explores Australia’s literacy when it comes to understanding financial terms and products. You might find the results quite interesting and have you looking up some definitions yourself. “This research shows more than a third of mortgage holders do not understand basic mortgage terms such as split home loans, […]
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When it comes to pursuing a new career path, there are many things that’ll cross your mind. You might be pondering what kind of money you’ll be bringing in, how much business to expect and more. How relevant and important your role will be in the future could be something that forward-thinking job hunters will […]
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If you’re considering mortgage broker training, you might wonder about what sort of home buyers you’ll be working with. After all, owner-occupiers and investors would both require different types of home loans and have different needs that will need to be met. In the last year or so, investors have been a constant source of […]
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The prices of real estate has a major influence on a mortgage broker business. This industry relies on the demand of home loans, which is tied to people’s ability to actually afford housing. With that being said, the affordability of houses in Australia hasn’t exactly been in a particularly great state. Affordability dropping The value […]
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If you’re wondering whether to dip your hand into the pool that is mortgage broking, you should plunge yourself right in. The demand for housing in the country has never been higher, especially in property hotspots like Sydney, Melbourne and Brisbane. When there is housing to be bought, there’s going to be people needing mortgages. […]
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It’s an interesting time to be a mortgage broker. Demand for Australian housing has been relentless over the past few years. Combined with recent record low interest rates, this has caused sharp price growth, particularly in capital cities like Sydney and Melbourne. However, the Australian Prudential Regulation Authority (APRA) has taken steps to reduce this. […]
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If you’re wondering whether it’s a fruitful time to become a mortgage broker, the answer is a resounding yes. The Commonwealth Bank Home Buyers Index shows that for many capital cities, there is still plenty of need for mortgage brokers. Sydney, Melbourne and Adelaide specifically have been categorised as sellers’ markets. This means that demand […]
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