Conference Selling Fast: time to get beach-ready

We've seen a great response to the Vow Conference. The network is keen to hear from a mix of interesting speakers like Bernard Salt, as well as join the fantastic social activities like golf, snorkelling and the Gala Dinner.

Our General Manager, Clive Kirkpatrick, is so keen for the Queensland sunshine that he's already getting out his favourite Hawaiian shirts to wear. He has promised that if we get at least ten registrations in the next week, he will provide some photographic evidence.

It remains to be seen whether he can wear it as well as Tom Selleck or Elvis Presley.

To register click here.

Vow Brokers up for Women in Finance Awards

Sarah Wells and Tamara Virgo are finalists in the inaugural Women in Finance Awards to be held at Sydney's The Star tonight.

We wish them well in their category of Mortgage and Finance Broker of the Year!

Changes to Macquarie Branded Loan Commissions & Clawbacks

Effective for settlements from 16 October 2017, Macquarie has made two key changes:

  • Trail payable to aggregator for new loans will be, for each month, 0.15% p.a. of the average daily balance during the month of that Loan, plus GST. Trail will not be paid on loan balances below $10,000.
  • Clawback rules will also change for new loans also:
    • Where a New Loan is fully repaid within 18 months of the settlement date, the clawbacks will be in accordance with the table below:

Period in which Loan fully repaid from settlement

Percentage of Upfront Commission clawed back

0 - 365 days


366 - 548 days


Some of you may have noticed utilisation clawbacks hit your account for Macquarie loans in the latest commission run. This is a result of the clawback rules being adjusted on 1 Jan this year in line with a number of other lenders, where a utilisation calculation is conducted at the month end following 183 days from initial settlement. A pro rata clawback does come into effect if the current balance is more than $50,000 below the scheduled balance (and offset balances do come into play for this).

Property Prices Holding Firm

The value of Australian property market jumps by more than $145 billion over the June 2017 quarter

By Paul Bennon, Managing Director, DEPPRO

The latest ABS Property Price Index released this week had very positive news for property sector with the Index showing that collectively the value of property in Australia has surged by $145 billion to more than $6.7 trillion over the June 2017 quarter.

Overall the ABS index found that the mean price of residential dwellings rose $12,100 to $679,100 and the number of residential dwellings rose by 40,000 to 9,906,100 during this three-month period.

The rising equity level of Australian property is positive because it generates further confidence in the real estate market at a time when other forms of investment such as the stock market are highly volatile.

Of the eight capital cities, the ABS Index found a wide variation in the capital growth of properties depending on the location of the city.

Both Sydney and Melbourne led national property price growth at an annual rate of 13.8% with Darwin at the bottom of the property price growth table taking the 'wooden spoon' with a 4.9% drop in property values over the past year.

Overall, the price index for residential properties covering the combined capital cities rose 1.9% in the June quarter 2017. The index rose 10.2% through the year to the June quarter 2017 which is more than 5 times the annual inflation rate.

The positive news for the property market is that six out of the eight capital cities recorded positive price growth in property values over the past year.

Of the two capital cities that recorded negative price growth - Perth and Darwin- there is now a growing consensus that they have reached the bottom of their property cycle and there are now better days ahead of these two real estate markets.

With Australia's annual inflation rate at just 1.9% and the value of property increasing by 10.2% across all capital cities annually, it is logical that property investors will continue to be a driving force in the real estate market despite recent curbs by APRA to curb lending to investors by raising interest only home loan rates.

In that regard, property investors need to ensure that they protect their cash flow by claiming the generous tax depreciation benefits associate with buying an investment property that can total up to 60% of its purchase price.

On a new apartment costing $600,00, these tax depreciation benefits can amount to $360,000.