HIA applauds latest housing affordability strategy

June 23, 2016,

The Housing Industry Association has welcomed the federal government’s commitment to deliver a new national housing affordability strategy.

The Coalition announced last week it would develop the new strategy and re-establish the National Housing Supply Council in a bid to reduce pressures currently facing the Australian property market.

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Mortgage Choice defends strong ASX performance

June 23, 2016,

Mortgage Choice CEO John Flavell has defended the company’s sudden share price growth after the Australian Securities Exchange (ASX) demanded a ‘please explain’.

The group’s share price has surged by 24.7 per cent since last Thursday, prompting a letter from the ASX asking whether Mortgage Choice is “aware of any information concerning it that has not been announced to the market, which, if known by some in the market, could explain the recent trading in its securities”.

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Broker numbers tipped to fall

June 23, 2016,

Aussie’s James Symond believes the number of brokers operating in the Australian market will diminish as the industry matures.

Mr Symond says even though the mortgage industry is growing and there is more business for brokers, some consolidation will occur.

“I think that the number of mortgage brokers in Australia will probably decline – from the MFAA numbers of 12, 13 or 14,000 people – and it might only reshape itself a little bit,” he told The Adviser following Aussie’s number one ranking in the recent Top 25 Brokeragesreport.

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MFAA boss steps down

June 23, 2016,

The chief executive of the MFAA, Siobhan Hayden, has resigned due to strategic differences with the board.

Ms Hayden thanked the association’s members and board for the opportunity.

“I’m proud of what I’ve achieved in the role and think the mortgage broking industry is well-positioned into the future,” she said.

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