Category Archives: Uncategorized

Australians are already sacrificing and working more Governor

The managing director of the Finance Brokers Association of Australia (FBAA) says he is dumbfounded by Reserve Bank (RBA) governor Philip Lowe’s comments recommending that Australians cut back spending and find additional work to pay for increased mortgage repayments. “Clearly … Continue reading

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Govt must take tough action to relieve mortgage pressure

The Finance Brokers Association of Australia (FBAA) has called on the Federal Government and regulators to take decisive action – including cracking down on secretive bank practices – to ease the enormous financial and mental health pressures Australians are under … Continue reading

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Australia faces a financial and mental health emergency due to rising interest rates – new research

Startling new figures tell the story of the real impact on Australians directly due to ten consecutive interest rate rises over the past year, and the effects are not just financial. Australia’s peak finance and mortgage broker body, the Finance … Continue reading

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Interest rate buffer is creating more ‘mortgage prisoners’

The Finance Brokers Association of Australia (FBAA) has called on the Australian Prudential Regulation Authority (APRA) to reassess its decision to continue with a 3 per cent loan serviceability buffer for mortgages, as interest rates rise. The association said the … Continue reading

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Interest rates are rising – Here are key questions borrowers must ask before refinancing

As around 800,000 fixed interest mortgages are set to convert to variable rates in 2023 – in what is termed the mortgage cliff – the Finance Brokers Association of Australia (FBAA) has urged borrowers to consider their options well before … Continue reading

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FBAA announces new board members, award recipients

The Finance Brokers Association of Australia (FBAA) has announced the appointment of a new board member and commendations for a number of industry participants following its recent AGM. Former QLD state president Christine Green has joined the board, increasing its … Continue reading

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Brokers ready for some silence, sort of…

Conferences are usually noisy affairs, but this year’s FBAA National Industry Conference, less than two weeks away on November 11, has a twist. It’s the association’s first “silent conference”, where delegates not only hear speakers from the main stage, but … Continue reading

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Hidden victims of the interest rate rises

A national finance and mortgage broker focus group has revealed that individuals who have recently been through a marriage or relationship breakdown are now finding it almost impossible to refinance or take out a new loan, and has blamed a … Continue reading

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RBA should have acted sooner on rates

The head of Australia’s peak body representing finance and mortgage brokers says the Reserve Bank of Australia (RBA) must take responsibility for the difficult situation facing many Australians.   Peter White AM, managing director of the Finance Brokers Association of … Continue reading

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Masterclass to provide new opportunity for brokers

While the majority of finance brokers focus on residential mortgages, an increasing number are delving into the area of commercial finance.  To educate and resource brokers, the Finance Brokers Association of Australia (FBAA) will run its commercial masterclass in-person on … Continue reading

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