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Australian private sector wage growth slowing
Wage growth in Australia’s private sector (excluding bonuses) has fallen to a new record low of 1.8 per cent year-on-year, which ANZ says will result in a “lack of any ...
INNOVATION • Sun, 26 Feb 2017
Ratio of household debt to income ‘at record high’
The governor of the Reserve Bank says that Australian households are carrying more debt than they have before, which is a “significant issue” that the central bank is ...
ECONOMY • Wed, 22 Feb 2017
Investor lending squeeze ‘biggest concern’ for property professionals
Property professionals’ main concern for 2017 is the tightening of investor lending, followed by rising interest rates, a recent survey of the industry has revealed.
LENDER • Wed, 22 Feb 2017
Helping older Australians could unlock housing supply
Housing supply could be improved by assisting retirees and upgraders who are being impeded from selling their properties due to the cost of stamp duty, according to the ...
‘Strong negative turn’ in investor sentiment could correct market
A recent downtrend in investor property appetite could trigger a correction in the housing market if it were to continue, according to a market analyst.
ECONOMY • Tue, 21 Feb 2017
Lender posts record home loan book growth
A banking and wealth management group has achieved a new record for housing loan settlements, which increased to $671 million for the half year to 31 December 2016.
LENDER • Sun, 19 Feb 2017
Housing market ‘not all about owning home’, says RBA
The RBA’s assistant governor (economic) says that although there are some “pockets of potential stress” in the housing market, housing affordability is more layered and ...
ECONOMY • Sun, 19 Feb 2017
Consumer confidence falls for second week straight
Declines in sentiment toward both financial and economic conditions drove a fall in consumer confidence in the week ending 12 February.
Non-major increases stake in P2P lender
A Queensland-based bank has announced that it is increasing its equity stake in peer-to-peer lender MoneyPlace as part of its strategic focus to “significantly” grow its ...
LENDER • Thu, 16 Feb 2017
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