RBA Holds Firm: No Rate Rises
Reserve Bank governor Philip Lowe has re-affirmed that the official interest rate will remain at near zero for at least another three years. This is despite unveiling a sharply upgraded [...]
Westpac Bullish On Economy, Property
Westpac has downplayed the prospect of regulators stepping in to curb the boom in house prices and promised to slash $2 billion from its cost base within the next few [...]
Banks Slash Loan Approval Times
The big four banks have significantly reduced home loan approval times, with the major lenders claiming turnaround times of two days or less for straightforward loans. The increased pace of [...]
REA, Westpac Tip Big Rises
Big increases in house prices have been forecast, with the regions set to outperform and the luxury end expected to be the star in the major cities. REA’s Property Outlook [...]
Interest Payments At 35 Year Low
The share of household income being used to pay interest on debt has fallen to the lowest level in 35 years, freeing up tens of billions of dollars a year [...]
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 [...]
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 [...]
Investors Surge Into the Market
The ABS reveals a surge in loans for investor housing, with a 6% monthly increase in November and 4% growth in the year to November. Overall, the ABS reported a [...]
RBA Expects 30% Price Rises
Heightened consumer confidence, helped by record low interest rates, could push property prices up 30% in the next few years, according to analysis by the Reserve Bank. In an internal [...]
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 [...]