Past News

Today marks the release of the Retail Banking Remuneration Review which was commissioned by the Australian Bankers’ Association (‘ABA’) as part of its broader plan to restore consumer trust in the banking industry.  MoneyQuest Managing Director and mortgage industry veteran, Michael Russell, welcomes the review and offers this brief market commentary. “Commonly known as the Read the full article…

Australia is experiencing a resurgence in net overseas migration (NOM), according to the latest figures from the Australian Bureau of Statistics (ABS). Beidar Cho, ABS demography director, said that in the year ending 30 September 2016, NOM increased by nearly 9%, adding 193,200 people to the Australian population. “This is in contrast to the declines Read the full article…

While refinancing your home loan may seem overwhelming at first, it’s less complicated than you might think. With historically low interest rates and increased competition across the home loan industry, lenders are keen to get your business. When you first took out a home loan, you probably paid very close attention to interest rates. Overtime, Read the full article…

It is very important to be well prepared and professional when applying for bank finance. Providing the following information will help give potential lenders the confidence to support your business with funding. Business plan Make sure you have a credible business plan containing well-researched evidence that a market exists for your product or service. You Read the full article…

In late 2014, the Australian Prudential Regulation Authority (‘APRA’) burdened the banks with a 10% investment loan growth cap and MoneyQuest Managing Director, Michael Russell, is convinced they did so without any consideration of the unintended consequences. “Staunchly opposing prudential intervention, I have always favoured free markets to find their own equilibrium. APRA’s response to Read the full article…