Making News This Week – 27/6

Give mortgage brokers the respect they deserve: MFAA Read More
The MFAA has demanded that APRA back down from its claim that third-party loans are riskier than loans from other sources. The MFAA has now responded with an official submission that calls for APRA to withdraw such comments from its final version of the guide.

Housing costs, mortgage stress in Perth cripples families Read More
A recent survey reports that thirty per cent of WA Speaks respondents said they were lucky to have $100 left after essential spending, though 41 per cent said they could spend between $100 and $300 on non-essential items each week.

South Australians have homes repossessed over mortgage default Read More
The Sunday Mail reports that the Supreme Court-issued repossession orders have increased for the past three years prompting calls from welfare agencies to make housing more affordable.

Act now to maximise your tax refund Read More
It may be nearing the end of financial year, but there are still steps you can take to maximise your tax refund, explains Mortgage Choice’s Jessica Darnbrough.

How you can get the banks to lend you more on your next investment property Read More
How would you like the banks to lend you more – maybe even enough to buy a better investment property? Michael Yardney answers those questions.

Lenders shift focus to mortgage margins Read More
Australia’s big banks have signaled a rising focus on mortgage margins rather than relentlessly slashing prices 18 months into the property boom, with ­National Australia Bank ruling out relaunching its “break-up” campaign and Westpac pledging to be competitive “to a point”.

What you must know about lenders mortgage insurance Read More
Lenders mortgage insurance is one of those things that you don’t think about until you need it. But beyond a few rules of thumb and a view that LMI is either a necessary evil or just plain evil, most property investors rarely explore the subject in much detail.