Broker Daily

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.

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.

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.

4 days ago | brokerdaily.au | Robyn Tongol

This was the topic of discussion in this week’s episode of Finance Specialist. Self-employed business owners can be tricky customers. A lack of documentation and irregular income can make for a challenge when securing a loan. Accendo’s Trent Carter emphasised the avoidance of “lazy broking”. Don’t jump at the easy solution as it may not be right for that client. Brokers must assess the best long-term solution for the borrower.

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.