The End of SMSF lending?

The End of SMSF lending?

With Australia's biggest financial institutions ceasing lending for SMSFs, it's worth considering what this means for the sector.

SMSF lending has been a contentious issue, particularly since the Financial System Inquiry recommended "[removing] the exception to the general prohibition on direct borrowing for limited recourse borrowing arrangements by superannuation funds." While this recommendation was nixed by then-Treasurer Scott Morrison, increasingly strict capital adequacy rules have brought it back to the fore.

The mistake most people make when pricing their property

The mistake most people make when pricing their property

Most people will face the prospect of selling a property at some point in their lives. It may seem fairly straightforward, but there is one mistake many sellers make in trying to get the highest price they can; overpricing their property.

The Value of Mortgage Broking

The Value of Mortgage Broking

More than 90 per cent of mortgage broker customers are happy with their mortgage broker's performance according to a recent report by Deloitte on the 'Value of Mortgage Broking'. Summed up perfectly in the executive summary - mortgage brokers make mortgage markets work better; they increase choice and competition between lenders, leading to better service levels and more competitive mortgage pricing.

What risks does a Labor-elected Government pose to property investors

What risks does a Labor-elected Government pose to property investors

While Bill Shorten could never get his nose in front of Malcolm Turnbull as "better prime minister", the Opposition Leader holds a 39 to 33 per cent lead over new prime minister Scott Morrison.

Shorten is proposing to halve the current 50 per cent capital gains tax discount on investment properties to 25 per cent on all assets purchased after July 1, 2017.

And he will abolish negative gearing on all assets bought after July 1, 2017, other than newly constructed dwellings.

Bank feels pressure to lift rates

Bank feels pressure to lift rates

Sharply higher funding costs yesterday sparked a 2.4 per cent fall in Westpac shares, as market volatility in cash markets crunched the bank's profit margins, adding to pressure on Australia's biggest banks to raise mortgage rates.

Numerous small lenders have already moved to hit borrowers with rate rises, but the major banks that control 75 per cent of the $1.6 trillion mortgage market have not yet moved because of political pressure on the lenders arising from the revelations at the Royal Commission.