Fabian Cotter

Lower borrowing capacities the biggest challenge: PropTrack

People can’t pay the same prices for properties now as borrowing capacities become a bigger problem, a PropTrack executive has explained.

PROPERTY • Thu, 08 Dec 2022

‘Overly aggressive hiking cycle’ to test housing market

Treasury has reacted to the RBA decision assessing a 2023 economic slowdown, but for ‘how long?’ and ‘by how much?’, economists have posed.

ECONOMY • Wed, 07 Dec 2022

‘Ho, Ho ... oh no!’ RBA announces December rate rise

Home owners are ringing in the festive period with a present they cant re-gift, after the RBA announced a rate hike for the month of December.

ECONOMY • Tue, 06 Dec 2022

Economists expect 3.10% December cash rate

It is highly likely another 25-bp hike is ‘coming down the chimney’ today, major bank economists have suggested.

ECONOMY • Mon, 05 Dec 2022

Property prices continue slide as fixed-mortgage ‘rate cliff’ looms

Average property prices are still on track for a ‘top to bottom’ fall of 15–20 per cent, AMP’s Shane Oliver has confirmed.

PROPERTY • Mon, 05 Dec 2022

Mortgage competition enhanced with non-bank CDR inclusion

Consumer Data Right’s ‘open banking ecosystem’ has been extended to include non-bank lenders, Treasury has announced.

LENDER • Thu, 01 Dec 2022

Resident loans continue lending growth but slower: APRA

Amid continued tight economic times, loans for owner-occupied housing increased $7.6 billion (0.6 per cent) in October, monthly APRA ADI data has revealed.

LENDER • Wed, 30 Nov 2022

Rates’ stress compounded via labour market downturn: Westpac

Household financial stress will ratchet higher as rates increase and would then be impacted by any downturn in the labour market, Westpac Bank has warned.

ECONOMY • Tue, 29 Nov 2022

Communication ‘failure’ flagged as borrowers get RBA apology

RBA governor Philip Lowe has issued an apology to borrowers who “acted on what we’d said and now regret what they had done.”

ECONOMY • Mon, 28 Nov 2022