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An aggregator sits between brokers and lenders, providing lender accreditation, software, compliance oversight and commission processing. Consolidation has reduced the number of aggregators and inc...
Development finance is advanced in stages against verified construction progress, sized against both the value of the completed project and the total cost of delivering it. Lenders typically requir...
The Household Expenditure Measure is a benchmark of modest household spending, scaled by income, location and household composition. Lenders generally assess your living expenses at the higher of w...
Credit policy is the documented set of rules a lender applies - maximum LVR, acceptable income types, eligible security. Credit appetite is how enthusiastically the lender wants that business right...
A risk weight scales your loan down to a capital-equivalent amount, and the bank must hold regulatory capital against that amount. Lower risk weight means less capital, which means the loan can be...
Best interests duty governs the credit assistance you provide, but it also constrains your advertising, because a marketing claim sets an expectation about the advice that follows. Copy promising t...
A hedonic index estimates house price movements by controlling for the attributes of the properties that sold - bedrooms, land size, location, condition - so it measures the change in price for a c...
Your runway is accessible funds divided by essential monthly outgoings. Accessible funds means offset, savings and redraw you can actually get to - plus redundancy pay and accrued leave. Two things...
Stamp duty is a large one-off tax on transactions; land tax is a smaller annual tax on holding. Economists broadly favour the shift because taxing transactions discourages people from moving, while...
Commercial property loans typically offer lower LVRs and shorter terms than residential mortgages, and are assessed with far more weight on the property's income than on yours. A lease doc loan tak...
A home loan application needs identity, income, expense, asset, liability and property documents. The list looks long, but each item exists because a lender must verify your financial situation und...
Bank capital is shareholder money that absorbs losses so depositors do not. APRA sets minimum capital ratios, and because equity is the most expensive funding a bank has, the amount of capital a lo...
