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Yellow Brick Road Holdings Limited (ASX Code: YBR) (“Yellow Brick Road”) has announced the signing of the company’s 100th branch agreement, with Geelong, VIC coming on board as the latest addition to the network. The company signed over 50 branch agreements in 2011 and plans to add another 25 branches to the network by the end of the 2011/2012 financial year.
This morning’s Reserve Bank Financial Aggregates showed housing credit up 0.5 per cent over November 2011, data which is consistent with RP Data-Rismark’s monthly Home Value Index for November. The 0.1 per cent increase in house prices coupled with the increase in credit indicates that more borrowers and buyers are responding to the RBA’s November interest rates cuts and could be a sign of further strengthening in the housing market moving into 2012. Housing credit rose by 5.7 per cent year on year to November.
This morning, RP Data-Rismark released their monthly Home Value Index for November, which showed capital city house prices up for the first time since December 2010. According to Yellow Brick Road Executive Chairman Mark Bouris, the rise shows that the RBA’s consecutive rate cuts have provided a much needed boost for the market.
Yellow Brick Road would like to say sorry for taking so long to announce its response to the recent RBA Official Cash Rate reduction of 0.25%. “We recognize the significance of this rate reduction for Australian consumers and small business to provide confidence and certainty leading into the Christmas period. Even though it hurts our margins, it’s the right thing to do.” said Mark Bouris.
Yellow Brick Road has announced that the company will be featured in the final challenge of Channel 9’s hit reality television program, The Celebrity Apprentice Australia. In the challenge, the contestants will be tasked with creating a Yellow Brick Road marketing campaign for boss Mark Bouris. The episode will air on Wednesday 16 November 2011 as a 90 minute special.
Yellow Brick Road, which has 75 licensees in all five states, offers products and services for home loans, financial planning, superannuation, term deposits, accounting and tax.
Yellow Brick Road Holdings Limited (ASX Code : YBR) ("Yellow Brick Road") is pleased to announce that it has signed a shareholders’ agreement with Coolabah Capital Investments Pty Limited (“Coolabah Capital”) to enable Yellow Brick Road to commence internal manufacturing of funds management solutions.
Under the agreement, Yellow Brick Road and Coolabah Capital have established a new entity, YBR Funds Management Pty Ltd (“YBRFM”), which will seek to develop simple and safe cash-like, fixed-income and other related investment products for Yellow Brick Road’s current and future customers.
Yellow Brick Road Holdings Limited (ASX: YBR) in conjunction with partner Gateway Credit Union Ltd has announced a guarantee to pass rate reductions onto their mortgage clients in the event that the Reserve Bank of Australia drops rates at their meeting of monetary policy on Melbourne Cup Day. Yellow Brick Road Executive Chairman Mark Bouris has called on the banks to follow suit and give Australian mortgage holders their first reprieve since the last interest rate cut on 8 April 2009.
Yellow Brick Road Executive Chairman Mark Bouris is speaking out regarding today’s historically low Consumer Price Index data and has called on the RBA to give consumers a necessary reprieve by slashing rates on Melbourne Cup Day.
The CPI September quarter average trimmed and weighted mean, which is the RBA’s preferred measure for underlying inflation, came in at 0.3%, the lowest result since Q3 in 1997. This 14-year low almost certainly signifies that the RBA will have no choice but to cut rates on Melbourne Cup Day. Such a low figure comes as a surprise as the general market expectation was 0.6%.
Yellow Brick Road Holdings Limited ("Yellow Brick Road") (ASX:YBR) has challenged the big four banks to drop their variable interest rates in an effort to give consumers a better deal on their current home loan. Yellow Brick Road has launched their Better Basics Home Loan offer, which has a standard variable rate of 6.98 per cent. The offer comes with no redraw fee, no monthly fee and no annual fee. For a limited time, Yellow Brick Road is also waiving the application fee and discharge costs to make their Better Basics loan a nil fee offer.* read more...
Yellow Brick Road Holdings Limited ("Yellow Brick Road") (ASX:YBR) is imploring consumers to shop outside of the major banks for home loans off the back of Commonwealth Bank’s announcement to beat any other major bank’s advertised rate. Yellow Brick Road, Australia’s fastest growing independent financial services company, has noted that their rates are still lower than CBA’s current Home Loan Guarantee promotion.
Yellow Brick Road Holdings Limited ("Yellow Brick Road") (ASX:YBR) has announced the winners of the company’s 2011 Branch Awards, which were unveiled at the 2011 Yellow Brick Road Annual Conference on August 18-19th at the Hyatt Regency Coolum Resort at the Sunshine Coast in Queensland.
Yellow Brick Road Holdings Limited ("Yellow Brick Road") (ASX:YBR) has announced the appointment of several executive positions as the company enters into a strategic alliance with the Nine Entertainment group of companies ("Nine"). The strategic alliance with Nine remains subject to a number of conditions as set out in Yellow Brick Road's ASX announcement dated 15 July 2011.
Yellow Brick Road Group Pty Limited ("Yellow Brick Road"), the wholly owned subsidiary of Yellow Brick Road Holdings Limited (ASX:YBR), has announced the addition of four new members to the company’s head office retail team. The expansion comes as Yellow Brick Road continues to grow its network with 70 licensees nationally.
Yellow Brick Road Wealth Management has announced the launch of “The RBA Appeal”, an initiative created to educate the Reserve Bank of Australia on the plights Middle Australians are facing under the threat of higher interest rates.
Yellow Brick Road Group has announced the signing of its 67th branch license agreement as Yellow Brick Road Holdings Limited prepares for its shares to recommence trading on the Australian Securities Exchange at 10am on 3rd June 2011.
Yellow Brick Road Wealth Management Pty Limited has announced plans for an aggressive recruitment drive as it continues the expansion that has seen the Company triple their branch numbers over the past 12 months.
One of Australia’s leading bank challengers, Yellow Brick Road, has announced its support for the
Senate Economics Committee’s banking recommendations, specifically in the area of providing
assistance to smaller lenders to encourage competition and cultivate better consumer education in
the financial services industry.
Yellow Brick Road Wealth Management has given their broad support to the Minister for Financial Services and Superannuation, Bill Shorten, with regards to today’s proposed FOFA reforms. The company particularly applauds the Minister’s expansion of ‘scaled advice’ in an effort to give all Australians access to basic guidance on a limited range of matters without the requirement for ‘holistic advice’ when the clients do not require it.
ITS Capital Investments Limited (ITS) to be renamed Yellow Brick Road Holdings Limited, and Yellow Brick Road Group Pty Ltd (YBR), (ITS and YBR collectively called YBR Group) and Nine Entertainment Co. Holdings Pty Ltd (Nine) are pleased to announce that they have signed a Heads of Agreement to build a new strategic alliance in the financial services industry.
Yellow Brick Road has announced today the signing of their 50th branch agreement as the wealth management company continues to bring more competition to the financial services market through its rapidly expanding network.
Yellow Brick Road is continuing to challenge the major banks’ oligopoly with the launch of Yellow Brick Road Term Deposits, making the company the first non-bank in Australia to offer such products.
Mark Bouris believes the current floods highlight a fundamental problem i.e. many Australians are not adequately protected, especially with regard to insurance.
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