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A letter from ASIC outlining the role of a real estate agent in regards to financial advice has seen Federal opposition leader Anthony Albanese and REIA president Adrian Kelly at loggerheads.
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ASIC's review of mortgage broker remuneration is recommending sweeping changes to the way brokers are rewarded.
With auction clearance rates in Sydney above 80%, the forecast 'Big Short' style property correction is nowhere in sight.
"I am quite worried about the Sydney and Melbourne property markets."
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