Tag: property valuation tool
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Australian Mortgage Broking Sector Thrives with Record Loan Volumes
The mortgage broking sector in Australia is experiencing unprecedented growth, as revealed by the latest report from the Mortgage & Finance Association of Australia (MFAA) Industry Intelligence Service (IIS). The report, covering data up to September 2024, highlights record-breaking loan volumes, broker numbers, and market share. This expansion is a testament to the increasing reliance…
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Australian Banks’ Lucrative Home Loan Profits Spark Regulatory Concerns
Home lending is a lucrative business in Australia, with the big four banks raking in substantial profits from owner-occupier housing loans. According to recent research by the Australia Institute, these banks make an average profit of $200,880 on a 30-year home loan. This profit margin is significantly higher than the global average, showcasing the profitability…