The Finance Brokers Association of Australia (FBAA) says it is keeping up discussions about the future of broking commissions... Listings fall in August...
FBAA promises commissions 'global research document' by 2017
The Finance Brokers Association of Australia (FBAA) says it is keeping up discussions with the Federal Minister for Finances and Revenue Services about the future of broking commissions.
FBAA's Peter White spoke with Minister Kelly O’Dwyer during a private dinner on the fact-finding document intended to lend support to retaining the current commission structure.
White told the minister that comprehensive global research document will be on her desk by the end of the year.
“At no other time has the broking industry seen a collection of data and other information which comprehensively argues the case for retaining the current broking commission model,” said White.
The research reveals how brokers are paid in six overseas and relevant markets and White says it proves that Australia's commission environment is "globally sound and fundamentally competitive”.
Listings fall in August
Residential property listings fell across Australia during August, however the fall was likely a seasonal occurrence as sellers prepare for the traditional spring selling season.
Figures from SQM Research show there were 333,123 residential listings across Australia in August, representing a monthly fall of 4.3%.
In year-on-year terms, listings were 0.4% lower when compared with August 2015.
Over August, Hobart saw the largest monthly fall in listings at 7%, followed by Adeliade at 6.4%, while listings fell by 5.2% and 4.6% in Brisbane and Perth respectively.
The remaining capital cities all saw smaller falls of between 2.8% to 3.9%.
(Your Investment Property)
The Finance Brokers Association of Australia (FBAA) says it is keeping up discussions with the Federal Minister for Finances and Revenue Services about the future of broking commissions.
FBAA's Peter White spoke with Minister Kelly O’Dwyer during a private dinner on the fact-finding document intended to lend support to retaining the current commission structure.
White told the minister that comprehensive global research document will be on her desk by the end of the year.
“At no other time has the broking industry seen a collection of data and other information which comprehensively argues the case for retaining the current broking commission model,” said White.
The research reveals how brokers are paid in six overseas and relevant markets and White says it proves that Australia's commission environment is "globally sound and fundamentally competitive”.
Listings fall in August
Residential property listings fell across Australia during August, however the fall was likely a seasonal occurrence as sellers prepare for the traditional spring selling season.
Figures from SQM Research show there were 333,123 residential listings across Australia in August, representing a monthly fall of 4.3%.
In year-on-year terms, listings were 0.4% lower when compared with August 2015.
Over August, Hobart saw the largest monthly fall in listings at 7%, followed by Adeliade at 6.4%, while listings fell by 5.2% and 4.6% in Brisbane and Perth respectively.
The remaining capital cities all saw smaller falls of between 2.8% to 3.9%.
(Your Investment Property)
