News from Equatorial Finance Solutions

PRESS RELEASE

The Mortgage & Finance Association of Australia (MFAA) has announced Director Weng Wong and his company Equatorial Finance Solutions among the finalists for the industry’s annual MFAA Excellence Awards.

This is Weng’s third consecutive year as a MFAA finalist, nominated in the highly competitive 2018 MFAA Excellence Award category of Best Residential Finance Broker Award.

Weng’s company Equatorial Finance Solutions is also a finalist in the Diversified Business Award.

“I am honoured to have been recognised by my industry peers and to have been selected from all the entrants across the country and named as a finalist for this Award. Thank you to all my clients and referral partners as this would not have been possible without them!” said Weng.

The last year has been full of changes and challenges for the home lending market, but Equatorial Finance Solutions has continued to grow during a time of increasing prudential change.

“The MFAA has acknowledged Weng Wong and Equatorial Finance Solutions as a state finalist out of more than 650 total national awards submissions which have been judged and rewarded for consistently demonstrating their professionalism, integrity, ethical conduct and innovation,” the MFAA stated.

“To be recognised as a finalist speaks volumes of their exceptional practice and professionalism in the mortgage and finance industry,” the MFAA added.

The state winners will be announced at the MFAA Excellence Awards Presentation Dinner on the 31st of May 2018 at the iconic Adelaide Oval. All winners announced on this date will also have the opportunity to win the prestigious national title at the national awards ceremony, which will be held on the 26th of July in Crown Melbourne.

Contact: Weng Wong 0403 292 614

The Mortgage & Finance Association of Australia (MFAA) is the peak national body representing finance brokers, mortgage managers, lenders, aggregator/broking groups and other industry participants, to assist them to develop, foster, and promote the mortgage and finance industry in Australia.

Capital city dwelling values fell over the first quarter of 2018 while regional values recorded an acceleration in growth.

Premium dwelling values are showing more substantial falls in value than properties at the more affordable end of spectrum.

Sydney dwelling values have fallen by -1.7% over the first quarter of 2018 and they are -2.1% lower over the past year.

In Melbourne, dwelling values have fallen by -0.5% over the three months to March 2018. Over the past year, dwelling values are 5.3% higher.

Dwelling values in Adelaide fell by -0.4% over the three months
to March 2018 however, they are 1.7% higher over the past year.

Annual rental growth has eased across the capital cities, while regional rents rise by 3.1% over the past twelve months.

Despite the seasonal spike, dwellings are generally taking longer to sell than they were a year ago.

Mortgage rates remain around historic lows for owner occupiers but have edged higher for investors.

Source: CoreLogic