Banks Back New Lending Laws
The big banks claim the planned rollback of responsible lending laws will help customers, saying it will lead to faster loan approvals by cutting the amount of detail consumers must [...]
RBA Won’t Act On House Prices
RBA governor Phillip Lowe has said the Reserve Bank is not responsible for targeting house prices, after questions were raised about the creation of a boom market against the backdrop [...]
ABS Data Confirms Migration
Australian capital cities have witnessed the biggest loss of people into the regions on record. The ABS has confirmed the Exodus to Affordable Lifestyle trend with the release of quarterly [...]
Low Listings Boost Prices
We have started 2021 with low inventory levels, with available supply falling short of accelerating buyer demand, new research has revealed. With the housing market on a rising trajectory, buyers [...]
Rates to Stay Low Till 2024
The Reserve Bank has nailed record low-interest rates to the floor until 2024 and extended its bond-buying program by another $100 billion. The RBA this week decided to keep the [...]
Reports Confirm Housing Boom
New data from two sources confirms that a national real estate boom is under way across Australia. The latest figures from both Domain and CoreLogic record annual growth in house [...]
Savings Uplift Reduces Economic Risk
The war chest of savings Australians have built during the pandemic is reducing the risks of high household debt load, economists say. As the economy continues to recover from the [...]
Most Paused Loans Being Repaid
Households and small businesses are now paying back 80% of the $250 billion in loans deferred at the height of the pandemic, with new figures revealing the national economic recovery [...]
Home Builders Drive 50 Billion Boost
Home-owners have become the key drivers of the nation’s economic recovery, with a spike in take-up of the Federal Government’s HomeBuilder grants, which are estimated to underwrite $50 billion in [...]
Rates Cut 6,777 Times In 2020
Historically low interest rates have seen lenders make almost 7,000 rate cuts to home loan products throughout 2020 - but borrowers appear disinterested in getting a better rate. Figures collated [...]