Financial News

MPA relase their Top 100 Brokers report of brokers who ranked between 49 to 11 of which Switch Now Home Loan's Richard Pusey is ranked number 28! See this link for the list: MPA Top 100: #49-11
A senior economist has said that home ownership is likely to drop considerably by 2021, which is a “major issue” and will have “significant social and financial consequences”. Speaking at the BIS Shrapnel Forecasting Conference last week, managing director Robert Mellor expressed concern over the long-term trends of home ownership. “I think home ownership is in sharp decline,” he said, adding, “First-time buyer demand is not recovering... it’s very weak, particularly in NSW.” Mr Mellor said home ownership in the…
Despite the Reserve Bank leaving the cash rate on hold at its first board meeting of 2016, the head of a mortgage aggregation group believes a further reduction is still on the cards.1300HomeLoan managing director John Kolenda said that while it was no surprise to see rates held at 2.0 per cent at yesterday’s meeting, the slowdown in China and the volatile share market have made it more likely that the RBA will further lower the cash rate this year.“The…
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