Last week I found myself on stage as part of a panel addressing 50 of Australia’s top mortgage brokers who were interested in how their own impending regulation will impact them. What they soon realised, a year after Lehman’s went, (a year tomorrow 15th actually), was just how lucky they have been and how hard things have been here.
As I am sure you can imagine, the Aussies were not shy in coming forward and the questions were fast, furious, incisive and intelligent. I was very grateful to have met such a great bunch of people and whilst I left with visions of answering the phone Coreco Sydney in my beach wear and thongs it was a sharp reminder how a year ago we all seemed to fall off a cliff with no parachute.
Andrew Montlake, Communications Director at Coreco and ‘Mortgage Personality of the Year 2008’, gives his views — honest and no holds barred — on the latest developments within the mortgage and property markets.
