Thanks for the heads up on the Weekend Australian article...

Thanks for the heads up on the Weekend Australian article Paydirt7.  Interesting comments from Melos Sulicich around mortgage brokers.
It appears MYS derives a far greater proportion of its loans through brokers (80%) than what is written nationally (60%).    

Your hope that governments legislate more passively than recommended may become a reality with both parties now on the same platform with this:

“Labor has listened to experts, including the Productivity Commission and the governor of the Reserve Bank of Australia, and we recognise that moving to a customer-pays model in mortgage broking poses real risks to competition in the banking sector.” A Labor government would ban trailing commissions from lenders to mortgage brokers — usually a 0.2 per cent commission of the value of a loan paid annually over the life of a mortgage — from July 2020. It has promised to set up a flat, upfront commission for brokers to prevent banks competing to offer bigger commissions for a customer. The fee is expected to be about 1.1 per cent of the loan.