CBA introduces new IO process for brokers

The nation’s biggest bank has launched an interest-only simulator to help brokers show customers the differences between IO and P&I repayments. In a note to brokers and aggregators this week, CBA explained that a new compulsory Customer Acknowledgement form will … Continued

August Platinum Member – Special Guest Speaker

Despite the most humble of beginnings, Them Lan is a fascinating success story. After purchasing his first property at just 22, he has honed his skills to identify the specific properties he can buy at low prices then magnify his … Continued

Andrew’s Insight on recent clearance rates

There were 682 auctions in Melbourne, with 523 selling and 159 being passed in, 79 of those on a vendor bid. In addition to the auctions, there were also 307 private sales. The result, was a clearance rate of 77%. … Continued

Market Wrap – Melbourne Property Powers On

Strong competition at auctions across Melbourne has continued after the long weekend hiatus last week. There were 1057 auctions in Melbourne, with 852 selling and 205 being passed in, 89 of those on a vendor bid. In addition to the … Continued

Why is Finance is constantly at flux ?

Finance – State of Flux What is going on with finance? It seems there is a story in the media everyday with another bank tightening lending policy. Rate increases It all started about 18 months ago when APRA, the banking … Continued