Broker Daily
@brokerdailyau
The leading resource for those involved in the distribution of mortgages. The new identity for Mortgage Business
Tune in to the latest episode of Broker Daily Uncut dropping this afternoon. Visit brokerdaily.au to listen to this episode and more!
Last minute predictions are in and with most anticipating the RBA to cut at today's meeting, borrowers will surely be hoping this is true. Stay tuned into Broker Daily for the announcement at 2:30pm today.
The prudential regulator has announced that the serviceability buffer would remain unchanged at 3 per cent. One commentor said APRA restricting credit was a sign of "arrogance". To read more, click below: bit.ly/44N4h1C

The Reserve Bank has released its minutes for the July monetary policy meeting, providing an explanation as to why it chose to hold interest rates. To find out more, click below: bit.ly/3GQCgwQ

#PODCAST: Jack Campbell and Trent Carter dive into the rise of non-bank lending — growing from just 7% of SME preference in 2014 to a projected 55% by 2025. Tune in: bit.ly/3IERbdV

While technology can enhance efficiency, the core of broking remains a human-to-human relationship built on trust. Brokers who master this balance will thrive in an increasingly digital world. Read the full insights via the link: bit.ly/4kEjkz3

#PODCAST: Hosts Alex Whitlock and Jason Back explore why authenticity and trust are non-negotiable in the age of AI. Tune in: bit.ly/40Vgdf8

Following trends seen in the US, crypto-backed mortgages are coming to Australia following the regulatory green light from ASIC. This speaks to the growing acceptance of cryptocurrency as an asset. To find out more, click below: bit.ly/4kKBUWr

SME borrowers are attracted to the increased flexibility, faster approvals, and tailored funding options that non-bank lenders can provide. To read the full insights, click below: bit.ly/4nJDTNk

#PODCAST: Trent Carter and Jack Campbell discuss the importance of prudent financial planning in an uncertain economic climate, balancing optimism with preparedness. Tune in: bit.ly/4lyR9TD

Three Remedy Housing officials have been convicted in relation to a interest free mortgage scam. The trio face up to 15 years' imprisonment for dishonesty offences, dating back to 2019. To read more, click below: bit.ly/4ePezkW

Don't get ahead of yourself! Making promises that can't be kept can hurt the trust between brokers and their clients. To listen to the latest episode of Broker Daily Uncut, go to brokerdaily.au.
Brokers are calling for a uniform regulatory standard for clawbacks. A blanket regulation could remove the “internal tug-of-war” between best interests duty and financial risk. To read more, click below: bit.ly/4kzqDbf

Recent data has revealed that the portion of loans requiring lenders mortgage insurance (LMI) is around three times higher at the majors than it is at non-banks. To read more, click below: bit.ly/4lqt3tZ

Clawbacks - outdated or a necessary tool for lenders? Listen to the team unpack the controversial practice in the latest episode of Broker Daily Uncut. Listen in full at brokerdaily.au
With 60 per cent of Aussie businesses set to invest in the next year, commercial finance brokers have an opportunity to capitalise. According to NAB, rather than simply a loan vehicle, brokers should position themselves as "strategic partners". bit.ly/4nwsD6S

The 2025 State of Origin decider kicks off tonight. Running in parallel with this rivalry is a separate battle involving property in NSW and Queensland. To read more, click the link below: bit.ly/4ljCrzP

In a surprising move the RBA has elected to hold at its July meeting. This has become a somewhat controversial decision with industry figures expressing a mix of surprise, optimism, and dissatisfaction with the hold. Read the full insights below: bit.ly/4lIVXoY

Despite recent rate decreases (and another expected today), just 10 per cent of borrowers reduced monthly mortgage repayments following the May cut. To read more, click the link below: bit.ly/4lNu5Al

Following a cut at the February monetary policy meeting, a hold in April, and another cut in May, economists are penning a third 2025 cut at the upcoming RBA meeting. Read the full insights below bit.ly/4eEMnRO
