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The agent versus adviser debate rears its head, brokers get a rap, and real estate referrals hit the courts: here are the biggest property stories this week.
Welcome to REB’s weekly round-up of the headline stories and news that’s important not only for the real estate sector but also for the state of property in Australia more broadly.
Here are this week’s biggest stories:
Higher risk lending could become less profitable for the banks, with new standards to require more capital set aside for interest-only and investor loans.
The corporate regulator is pursuing the bank for its acceptance of home loan referrals from unlicensed third parties, including real estate representatives.
5. Is there a chasm between real estate agents and trusted advisers?
Should real estate agents be considered as trusted advisers in the same vein as accountants, lawyers, mortgage brokers and financial planners? Tom Panos has weighed in.
6. Brokers write two-thirds of Australian mortgages
Mortgage brokers wrote a record 67 per cent of all new residential home loans in the September quarter, according to MFAA data.
The impacts of COVID-19 are expected to continue to sway the property market in the year ahead, even as the country’s pandemic response alters the emerging trends.
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