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Property sales remain above pre-pandemic levels in FY23

Despite the rising interest rates taking a toll on property settlement volumes, data shows that the number of real estate ...

Brokers witness renewed demand amid rising house values

As house prices experienced a notable surge in the June quarter, brokers have observed a renewed demand amid supply ...

Macquarie Group AGM reveals home loan lift

Home loans and business banking loans both increased, but car loans dropped, the group has revealed.

More rate hikes risk prolonged downturn: HIA

The impact of the central bank’s monetary tightening policy has yet to impact home building employment, however, further ...

30% of mortgage holder face mortgage stress: Roy Morgan

If the central bank bumps the cash rate next week, more than 30 per cent of mortgage holders will fall under ‘mortgage ...

Australia ‘should avoid’ recession: Pepper Money CFO

Strong unemployment, immigration, and China reopening should help Australia avoid a recession, the non-bank lender’s chief ...

APRA takes action against ‘unauthorised’ bank

The prudential regulator has sought an injunction against a business allegedly using the word bank without holding the ...

UBS fined over $560m for Credit Suisse misconduct

Both the US and UK have separately fined UBS, which now owns Credit Suisse, for its subsidiary’s ‘significant failures in ...

CPI data points towards cash rate hold: Economists

As the quarterly inflation data came in below market expectations, some economists revised their cash rate estimates.

Mortgage application down amid financial hardship: Equifax

Fewer borrowers took out mortgages in the second quarter of June 2023 as the impact of rising rates becomes “more evident”, ...

‘FOMO phenomenon’ pushes property price growth: Oliver

Rising rent and population growth have helped the property market rebound amid a ‘FOMO phenomenon’, AMP’s chief economist has ...

Easing consumer spending to weigh on inflation data: Economists

With the release of the June quarter inflation data today, economists are uncertain it will ease enough to keep interest ...

RBA releases meeting dates for 2024

The Reserve Bank of Australia has revealed the dates for its eight meetings in 2024.

Victorian rent reforms could add to investor uncertainty: CoreLogic

Potential rental reform action by the Andrew’s Labor government may impact investor confidence, CoreLogic’s research director ...

Heritage and People’s Choice mortgage book exceeds $18bn

The freshly formed customer-owned bank's mortgage book grew beyond $18 billion four months on from its merger.

Fears of persistent commercial lending challenges: NAB

There are growing concerns among property professionals regarding access to funds amid economic uncertainty, new data reveals

Government unveils preference for PC chair

The federal cabinet has revealed whom it has recommended to take up the role of chair of the Productivity Commission.

Senator slams ASIC over continued ‘obfuscation’

Liberal senator Andrew Bragg has accused ASIC of secrecy after it failed to provide evidence to the Senate economics ...

Newcastle Permanent launches digital mortgage

The mutual lender has rolled out a digital home loan proposition to its direct customers.

Rent growth to slow as rates peak: CoreLogic

The current high level of rental growth is expected to ease next year, as interest rates come close to peaking and the supply ...

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