Doug Driscoll News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Brokers and banks overwhelmed as Australians rush for a mortgage We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement The nation’s banks are struggling to process an unprecedented number of new mortgages as over-excited buyers snap up high-priced homes at Saturday auctions before they have locked in the funding to close the deal. ANZ chief executive Shayne Elliott revealed his bank had wound back home loan marketing because demand was so strong while mortgage brokers said they were flat out with some customers, successful at an...

First home buyers flood back into market on low rates, rising house prices We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement First home buyers are flooding back into the property market lured by ultra-low interest rates and government support, with two of the nation’s biggest mortgage brokers experiencing a surge in loan applications from young buyers. AFG, a major listed wholesale broker, reported a 30 per cent annual jump in its total home loan applications in the latest quarter, as other brokers including Mortg...