REAL ESTATE

S&P Lauds Pepper’s Business Model

Ratings agency Standard & Poor’s has boosted Pepper’s overall ranking in recognition of the company’s strong performance in the sub-prime residential mortgage space.

Impact of Exit Fee Abolition up for Debate

More than a quarter of a million mortgages were sold after last year's July 1 deadline for abolishing exit fees but the ban's impact on competition remains uncertain.

Westpac Reclassifies $28.8 Billion Mortgages

Westpac Bank (ASX: WBC), in a filing with the Australian Stock Exchange, said that it reclassified the allocation of loan purpose between owner-occupied and investment housing to better reflect the purpose of the loan.
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Are We Ready to Live in Homes Designed to Counter Floods?

The changing climate has made it more difficult to predict weather patterns that could either be damaging to life and property. Some architects from the U.S. and Asia have devised the latest of designs in order for homes to withstand the wrath of Mother Nature.

Refund Brokers Still Eyeing Bid

Refund Home Loans franchisees still plan to bid for the business, but have expressed frustration with administrator SV Partners.

Brokers Clash Over Financial 'GP' Future

Wealth Today CEO Michael Stephens has refuted Mortgage Choice's position on individual brokers holding more than one licence, arguing this only increases their capacity to provide good service.

Global Markets Overview - 12/12/2011

U.S. stocks wrapped up a second straight week of gains as the euro zone's latest plan to fix its debt crisis overshadowed some disappointing forecasts from big U.S. companies. The Dow Jones Industrial Average advanced 187 points, or 1.6%, to 12184.26, undoing most of the previous day's sharp losses.

Property Investments that Might Earn Big in 2012

A survey of more than 360 internationally renowned real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants has revealed the emerging top earners for the real estate sector in 2012.

Prolink Puts Off Holidays in Christmas Rush

Prolink Finance Solutions’ Muzi Dandachli will be postponing holidays until late January or early February to cope with demand which is having his business colleagues ‘chasing their tails’.

Celebrities Suffer Investment Losses, Property Foreclosures

Not even wealth and fame could shield them from the financial crisis gripping homeowners in the United States. Celebrities were also victims of bank foreclosures and lost millions invested in properties acquired when real estate was booming.

Global Housing Markets Struggling

The world's housing markets had a weak third quarter of 2011, according to the latest survey of world-wide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries, of the 44 countries for which quarterly house price statistics are available, and rose in only 19 countries.

Sydney Ranks High in Commercial Real Estate Investment Sites for 2012

Sydney is ranked as the third most favourable market in the Asia Pacific region for commercial real estate investment next year, largely due to the resiliency of the Australian economy, according to Emerging Trends in Real Estate® Asia Pacific 2012, a real estate forecast jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

Carn leaves Homeloans for NextGen

NextGen.Net has announced the appointment of Tony Carn as its new sales director, with Greg Mitchell stepping in to fill a combined general manager of sales role at Homeloans.

Review: NAB Broker Revamps Segmentation

NAB Broker will pay 65 basis points up-front to all brokers from 1 January 2012, as part of a wholesale change to its broker channel segmentation strategy.

Banks React: Commissions Will Stay Put

NAB's major bank competitors have all reacted to NAB Broker's commission restructure by saying they plan no immediate changes to their own broker remuneration structures.

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