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Insights for Australian Mortgage Brokers.

Breaking Barriers

Less Than 2 Months to Go! The Purple Circle National Conference is just around the corner, and promises to be a fantastic event for PCFS

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October 7, 2025

Your Network is Your Net Worth

Why Experienced Brokers Choose Purple Circle  Mid-to-late career stages can feel challenging in many industries. But at Purple Circle, we’ve seen a different story for

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October 7, 2025

From Banker to Broker.

How to transition from banking to mortgage broking Thinking about life beyond the bank?  If you’ve spent a good chunk of your career in a

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August 5, 2025

Coming Full Circle

In the early days of mortgage broking, aggregators were established to support brokers by combining loan volumes to secure better commission rates with lenders. Over

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December 11, 2024

Small and Medium Enterprises (SME) Guarantee Scheme

The Scheme will enhance lenders’ willingness and ability to provide credit and will be available for new loans made by participating lenders until 30 September 2020.

The Government will provide eligible lenders with a guarantee of 50% per cent of new loans. Some generic terms are:

  • Businesses with a turnover of up to $50 million.

  • Maximum total size of loans of $250,000 per borrower.

  • Loans will be up to three years, with an initial six month repayment holiday.

  • Unsecured finance, meaning that borrowers will not have to provide an asset as security for the loan.

Reduced Interest Rates

Consider your current banking arrangements. The Reserve Bank has recently reduce the cash rate and lenders have passed this on to various loans they have.

Instant Asset Write Off

An increase in the instant asset write-off threshold from $30,000 to $150,000 30 June 2020.

Deferment of Loan Repayments for up to 6 Months

The banks are developing their own approach as to how to deal with requests from their clients for repayment holidays. Some are automatically granting the request, others are assessing the requests individually.