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3 days ago | 
brokerdaily.au | Jack Campbell
This year, 17 per cent of first home buyers were given money from their parents to purchase property, up from 11 per cent in 2022. As reported in Finder’s First Home Buyer Report 2025, volatility and high prices in the domestic property market are helping contribute to this trend. Those who are leaning on their parents are able to enter the property market two years earlier than those who don’t, said Finder.
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3 days ago | 
brokerdaily.au | Jack Campbell
The open banking provider is expanding beyond the consumer and offering services to enhance broker capabilities through its latest initiative. Frollo for Brokers is an online portal that provides broker benefits, such as:
Eliminates manual processes: No more chasing clients for bank statements – access verified financial data instantly. Reduces reliance on screen scraping: Open banking provides a secure, compliant alternative as banks phase out less secure methods.
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4 days ago | 
brokerdaily.au | Jack Campbell
Revealed in the state’s budget, the latest initiative will provide an equity contribution of up to 30 per cent for new homes and 25 per cent for existing homes. Eligible Queenslanders will only need a 2 per cent deposit to access the scheme for properties valued up to $1 million. The maximum income for single purchasers is $150,000 and couples $225,000. The Crisafulli Government hopes to turn around poor homeownership rates across the state.
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4 days ago | 
brokerdaily.au | Jack Campbell
Angle Finance has climbed its way to the top of the broker usage charts for asset finance loans, with 43 per cent of all asset finance brokers using the lender throughout the month of May. This was a sharp month-on-month increase from the April edition of Agile Market Intelligence’s Broker Pulse: Commercial Lending, where the lender sat in third place for asset finance broker usage, with 33 per cent of brokers turning to the lender.
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4 days ago | 
brokerdaily.au | Jack Campbell
In the last 18 months, new investor loans have grown strongly, nearly reaching the decade-high points of early 2022, according to a recent PropTrack study. What’s driving this trend is the tightening of rental markets. With availability low and rent prices climbing, many investors are seeing an opportunity to capitalise. Further, the recent RBA rate cuts have ignited some optimism in the market.
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4 days ago | 
brokerdaily.au | Jack Campbell
Quickli Community is the latest function to be added to its interface. The free of charge function allows mortgage brokers to connect with one another. According to Quickli, half of all mortgage brokers use its platform. The latest offering will allow the sharing of knowledge and developing of relationships. As of February 2025, 41 per cent of NSW mortgage brokers were sole traders. This means receiving support can be difficult.
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4 days ago | 
brokerdaily.au | Jack Campbell
Those who properly prepare can set themselves up for positive cash flow into the new financial year. Valiant Finance co-founder Alex Molloy urged SMEs to get finances in order and provided five key considerations that should be addressed before EOFY:
1. Reconcile accounts
“Reconcile your accounts immediately to ensure every transaction is recorded and your tax return is accurate. This isn’t just about compliance, messy books cost you money and increase audit risk,” said Molloy. 2.
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5 days ago | 
brokerdaily.au | Jack Campbell
In the first quarter of 2025, there were 3,783 loans issued for new builds. This is the lowest figure since September 2006, according to a Money.com.au study. This marks a 13 per cent drop from the same period last year, which was the previous decade low. The December 2020 quarter reported record activity, with new build loans reaching 8,510. This is 56 per cent higher than the current figure. Annually, loans for new dwellings are also down. In the year to March 2025, there were 19,153 loans issued.
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5 days ago | 
brokerdaily.au | Jack Campbell
After a 33-year executive career, Carnegie will depart her role as group executive, Australia retail, on 1 July 2025. Suncorp Bank CEO Bruce Rush will step into the position temporarily as ANZ searches for a new head of retail. Carnegie has held the position since 2022, serving over 6 million customers. She joined ANZ in 2016 as group executive digital banking, helping improve the digital experience for the bank’s customers.
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1 week ago | 
smartpropertyinvestment.com.au | Jack Campbell
Now, reports have stirred that foreign investors have been using trusts to bypass the new legislation.
One Broker Daily reader reached out with a personal experience that resulted in them missing out on the purchase of a home.
“We were at the beginning of our property journey in April and we visited a great two-bedroom/two-bathroom property in Sydney. We were interested in putting in an offer, but it went way too fast,” the reader said.
