Breaking

Borrowers continue to service debts on time: RBA
25 March 2024

The central bank has revealed that the majority of mortgage holders are able to make repayments despite inflationary and interest rate pressures.

Majority of housing markets recorded price increases: CoreLogic
25 March 2024

Almost 90 per cent of house and unit markets recorded price increases over the last year, CoreLogic’s latest report has found.

BNK purchases $80m resi mortgage portfolio
25 March 2024

The ASX-listed lender has announced it has acquired higher-margin residential mortgages from Goldman Sachs.

Labour Force data could make for a cautious RBA
22 March 2024

Another surprising set of unemployment data could add further uncertainty to the RBA’s interest rate perspective.

Rapid population growth worsening housing supply shortage: UDIA
22 March 2024

Overseas migration is dominating population growth while housing supply is expected to reach a decade low, according to new data.

‘The system is broken’, MP on housing affordability
22 March 2024

A Greens minister has spoken out against current housing affordability conditions in Australia.

REIA confirms WA as most affordable state
22 March 2024

Western Australia has remained Australia’s most affordable state despite a measurable increase in the portion of income required to meet loan repayments and rental payments alike, the Real ...

Buyers determined despite ‘extremely stretched’ affordability: Westpac
21 March 2024

Tight incomes, high interest rates, and cost-of-living struggles have not deterred over half of would-be home buyers, the major bank’s survey has found.

Victorian commercial stamp duty reforms introduced to Parliament
21 March 2024

Commercial property stamp duty will soon be abolished in Victoria, as new legislation is introduced to bring in a new property tax instead.

Qld government introduces new laws to support home delivery
21 March 2024

The Miles government has introduced new legislation to hasten the delivery of more homes in the state.

$25m scam thwarted by NAB bankers
21 March 2024

A scam attempt almost cost one NAB customer a bundle before it was caught by a Sydney-based business banker.

‘We’re uncertain, we don’t know’, Bullock on rates outlook
20 March 2024

The RBA can neither “rule in or out” any interest rate changes going forward, Michele Bullock has said.

Australian mortgage rates increase faster than international peers
20 March 2024

Outstanding mortgage rates have increased faster than their global counterparts despite having one of the lower cash rate increases.

Timeline for inflation target ‘remains uncertain’ as RBA holds
19 March 2024

The RBA still carries doubts about when the target band for inflation will be reached.

CSLR releases credit intermediary levy costs
19 March 2024

Estimates have been released for the first and second levy periods that will fund claims from eligible consumers who have been the victims of financial misconduct.