Prices Continue To Rise In October
Real estate prices continued to defy the pandemic recession in October, with the latest CoreLogic data showing that 13 of the nation’s 15 market jurisdictions delivering growth in their median [...]
We Believe Recession Is Over: RBA
Reserve Bank deputy governor Guy Debelle says the RBA now believes the country’s first recession in three decades ended in the September Quarter. “As best as we can tell, the [...]
Affordability Best Since 2009
Housing affordability is at its best level since 2009 because of low interest rates and falling house prices in the biggest cities, says Moody’s Investors Service. “Housing affordability improved in [...]
FHBs Buoyed By Grants, Low Rates
First-home buyers are rushing into the property market, heartened by the fact that Covid-19 has not adversely affected the property industry and spurred on by low interest rates and government [...]
Extra Payments To Mortgages Increase
Voluntary payments into mortgages doubled in July, August and September from the previous 12 months, as home loan borrowers paid extra to build a buffer. Data from non-bank lender Firstmac [...]
Housing Triumphs Over Covid-19
Home lending rose 12.6% in August, the highest monthly figure since January 2018. The latest data from the ABS shows that annual growth in home loans was 19.3%, confirming that [...]
Credit Laws Allow Buyers Extra $70K
Home loan customers may be able to borrow up to $70,000 more under changes to the consumer credit laws, says Canstar group executive of nancial services Steve Mickenbecker. The changes [...]
Business Conditions Improve: NAB
Business conditions improved in September, recording an increase in the areas of trading (up 6 index points), profitability (up 2 index points) and employment (up 8 index points), according to [...]
Budget Will Boost Housing Market
The housing market will be greatly boosted by this week’s Federal Budget, with Treasurer Josh Frydenberg announcing $507 billion in tax cuts, cash payments and wage subsidies to drive business [...]
Easier Lending To Improve Credit Flow
Banks will soon be able to rely on income and expenses information provided by borrowers, under the Federal Government’s changes to responsible lending guidelines. The move will speed up the [...]
