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Investors cautioned against rolling IO loans
The prudential regulator has flagged that investors relying on property sales to service consecutive interest-only loans is “not good banking practice”.
LENDER • Wed, 12 Oct 2022
‘Big shock coming’: fixed-rate refinancers warned
There’s no discernible trend in loan defaults and arrears now, but it is coming, APRA has highlighted.
PROPERTY • Tue, 11 Oct 2022
Clearance rates at highest level since May
The combined capitals preliminary clearance rate held above 60 per cent for the sixth consecutive week, latest Corelogic data reveals.
PROPERTY • Mon, 10 Oct 2022
Construction costs hit 20-year high
There’s “no reprieve in sight” as home construction — and waste disposal — costs boom, according to CoreLogic’s latest data.
Loan arrears rates ‘likely to increase’: RBA
A small group of borrowers could fail to meet debt payments due to low savings and high levels of debt, the RBA has flagged.
ECONOMY • Sun, 09 Oct 2022
Building inflation rises to near 50-year high
Latest housing data reveals supply constraints and labour costs have fuelled the fastest building-industry inflation rate over the past four decades.
ECONOMY • Thu, 06 Oct 2022
APRA revokes French bank’s licence
BNP Paribas Securities Services’ authorised deposit-taking institution (ADI) licence has been terminated, post-restructure.
LENDER • Wed, 05 Oct 2022
How the RBA's rate move will impact mortgagors
Following the RBA's October cash rate decision, several commentators have flagged the dollar impact to borrowers.
ECONOMY • Tue, 04 Oct 2022
2.60% cash rate confirmed
The Reserve Bank of Australia has increased the cash to 2.60 per cent for October, a move not widely predicted by bank economists.
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