Subscribe to our newsletter
$1.3b of loans reclassified as housing credit grows 6.6%
Around $55 billion worth of loans have been reclassified as owner-occupied since July 2015, the Reserve Bank of Australia reports, with $1.3 billion alone switched in ...
ECONOMY • Wed, 02 Aug 2017
Home ownership rate among young Aussies falls by 10%
The percentage of young Australians who own their own home has collapsed by 10 per cent since 2002, while average household debt has risen by nearly 100 per cent.
Mutuals lift IO rates by up to 50 bps
Teachers Mutual Bank and its subsidiaries have announced a raft of rate hikes to their interest-only offerings, with some loans hiked by 50 basis points.
‘Culmination’ of factors sees Australian housing market ‘lose steam’
Higher mortgage rates, affordability barriers and tighter lending criteria are biting and, as a result, the Australian housing market is “losing steam”, CoreLogic has ...
ECONOMY • Tue, 01 Aug 2017
ANZ wins FHB Canstar Bank of the Year
A major bank has won the Canstar Bank of the Year for First Home Buyers, while five separate institutions were labelled Customer-Owned Institution of the Year.
ECONOMY • Mon, 31 Jul 2017
Property crash won’t be ‘that bad’: Citibank
Australia’s housing market is cooling, but a property crash “won’t be that bad”, Citibank has said, pointing to low housing turnover and rising listings and sales as ...
PROPERTY • Fri, 28 Jul 2017
Lender cuts IO rates by 20 bps
A non-major lender has announced a spate of rate cuts across its owner-occupier loans.
LENDER • Fri, 28 Jul 2017
Macquarie grows mortgage portfolio to nearly $30bn
Expectations for the 2018 financial year are optimistic at Macquarie Group. At its annual general meeting (AGM), the group posted a growth of 2 per cent in its Australian ...
LENDER • Thu, 27 Jul 2017
Lender increases IO variable rates by 30 bps
Citibank is set to introduce a series of changes to its home loan variable rates for clients making principal and interest repayments and interest-only repayments.
iscover
iscover 
