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 [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]