Financial News

Compiling The Adviser's annual Top 25 brokerages is no mean feat. Here we explain how the ranking works and how we anointed the number one broking house for 2015... It's that time of the year again where The Adviser presents the best of the best – the Top 25 Brokerages in the country. This year's Top 25 Brokerages are an impressive bunch. Consider the raw statistics: together, as at the end of the 2014 financial year these organisations employed 2,569…
Interest rate cuts in February and May have added about $8,000 to house prices in Sydney and Melbourne, according to new research. Moody’s Analytics has found that national house prices usually increase by about 0.5 per cent every time the Reserve Bank reduces the official cash rate by 0.25 per cent, as has occurred twice this year. “Moody’s Analytics estimates that a 25-basis-point rate cut adds approximately $4,000 to valuations in New South Wales,” it said in a new national…
One bank has tightened its investor LVRs due to APRA pressure – but nine others are growing their investor lending faster than a key risk indicator. APRA’s campaign to rein in the investor sector is gathering momentum after one lender decided to tighten its investor lending. As of today, Bankwest will apply a maximum LVR of 80 per cent for investment purposes, including buying shares. Bankwest said its position as a “responsible lender” had prompted this change of policy. “In…
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