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Michael Mata is a content marketing specialist, editor and writer. He is a former journalist at Your Investment Property Magazine.
Consumers will now have access to raw rental bond data, giving them a rare insight into the property market, according to Matthew Kean, the NSW minister for innovation and better regulation.
Following the downturn in building activity that started in March, the Housing Industry Association (HIA) said the nation’s housing sector has “already stepped back” in its role as a major driver of the Australian economy.
By requiring mortgage brokers to meet volume targets to retain accreditation, lenders are disadvantaging borrowers and encouraging some brokers to engage in risky behaviour, said Peter White, executive director of the Finance Brokers Association of Australia (FBAA).