News
Brokers slam major's cash payments to retain borrowers
1+ day, 2+ hour ago (929+ words) A major bank's move to offer retention payments and rate discounts to stop borrowers from switching lenders has inflamed broker frustration and trust concerns. Brokers have raised concerns that retention tactics could distort competition and result in hours of unpaid…...
GSB turbocharges broker-led home loan growth
1+ mon, 1+ week ago (743+ words) Broker-originated mortgages and surging home loan balances have powered a half-year uplift for Great Southern Bank. Great Southern Bank (GSB) " one of Australia's largest customer-owned banks " has reported strong first-half financial year 2026 results off the back of a broker-driven mortgage…...
Borrowers flock to brokers for expertise and access: FBAA
1+ mon, 2+ week ago (866+ words) A new national survey has revealed borrowers are turning to brokers for market experience and time'saving convenience, but are also looking more closely at advice quality and costs. Fresh research from the Finance Brokers Association of Australasia (FBAA) and Core…...
Mortgage Choice helps deliver growth at REA
2+ mon, 1+ week ago (728+ words) A 24 per cent increase in submission volumes and a 14 per cent bump in settlement volumes at Mortgage Choice have contributed to REA's 1 H26 results. Digital property business Real Estate Australia Group (REA Group) has released its results for the first half…...
Non-bank lender announces new head of sales and strategic partnerships
3+ mon, 6+ day ago (357+ words) Cath Ryan, former general manager of Viking Commercial Aggregation, has been appointed to lead the non-bank's sales and strategic partnerships team. Specialist non-bank lender Better Choice Home Loans (Better Choice), part of the BNK Banking Group, has named Ryan, a…...
Short-term fix or long-term risk: Brokers on Home Guarantee
6+ mon, 3+ week ago (995+ words) The broking industry has questioned whether changes to the Home Guarantee Scheme will actually address long-term affordability issues for first home buyers. Ahead of its expansion on Wednesday (1 October), mortgage brokers have been weighing in on the impending changes to…...
Brokers braced for action as expanded Home Guarantee Scheme launches
6+ mon, 2+ week ago (1304+ words) The broking industry is bracing for a bumper few months as the expanded Home Guarantee Scheme starts today, accelerating home buyer demand. The Home Guarantee Scheme expansion comes into effect today (1 October), three months ahead of its original starting date,…...
MFAA releases broker guides on growing their businesses
3+ mon, 5+ day ago (558+ words) The association for mortgage and finance brokers has completed its new guide to promote "sustainable and successful" business with the issuance of two new points. The Mortgage & Finance Association of Australia (MFAA) has released two new Business Growth Roundtable Series…...
Lenders should review trust lending exposure: PICA
5+ mon, 2+ week ago (870+ words) Macquarie Bank's decision to pause lending to companies and trusts should prompt others to "take stock and review' their exposure, according to a property investor association. The Property Investors Council of Australia (PICA) has urged lenders to reassess their exposure…...
Rising lending complexity will define 2026, and brokers will stay at the centre
3+ mon, 2+ week ago (966+ words) Despite banks pushing harder into proprietary lending, rising borrower complexity, regulatory change, and non-standard income profiles will ensure brokers remain at the heart of Australia's mortgage market in 2026, says Brighten CEO Jason Azzopardi. Over the past few months, we've watched…...