Yellow Brick Road posts $1m profit

A slowing residential market will curb Yellow Brick Road's new loan growth this year from the 16.7 per cent increase it enjoyed in the year to June, but the smaller lender was better placed to cope with slowing than its larger counterparts, executive chairman Mark Bouris said on Wednesday.

Speaking after his financial services company reported its first full-year profit in the year to June from higher revenue and lower costs, Mr Bouris said the residential market's move to a "healthy, sustainable" level of growth would be good for the whole lending industry.