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The number of homes clearing across the country is shrinking, according to new figures released by CoreLogic.

Analysts have tipped house prices would need to fall by around 22 per cent in 2022 to counterbalance how much higher interest rates will erode housing affordability.

Economists at the major bank have tipped that house prices will fall by around 15 per cent between April 2022 and December 2023.

Lenders hoping to benefit from open finance could be challenged by consumers who are apprehensive to share their data. 

A new investment fund to increase housing supply, and a focus on social housing has been unveiled by the state government.

The major bank has confirmed that it has aligned with the cloud banking platform as a means to grow the recently launched Unloan.

The US central bank has opted for its largest interest rate hike in almost 30 years, in an effort to squash surging inflation.

Rising inflation concerns and interest rate hikes have dragged borrower sentiment down towards historic lows, according to leading economists.

Over the past 20 years, stamp duty growth across the state has surged above that of housing, according to a new Domain analysis.

The regulator has expressed fears for competition around a proposed acquisition, warning that it could further fuel a monopoly for the property settlements giant.

Three people have been charged with criminal breaches of directors’ duties, over “interest-free” mortgages offered by their unlicensed lender.

Nearly 58 per cent of loans funded by banks are originated by the third-party channel, according to APRA statistics.

The non-major bank has continued its recent technological trajectory, confirming a partnership with NextGen to introduce new online verification and valuation services.

The Reserve Bank governor has warned Australians to be prepared for higher interest rates as runaway inflation is expected to top 7 per cent.

The competition watchdog has commenced a review into claims that property settlement platform PEXA has acted to shut out rivals in the market.

Banks will need to include buy now, pay later and higher education debts when reporting debt-to-income ratios to the regulator from September, APRA has said.

Nano has expanded its digital home loan offering to home buyers and investors, as well as refinancers.

The value of Australia’s 10.8 million residential homes has topped $10 trillion for the first time.

Fewer than 1,400 homes were taken to auction across the capital cities this week, with clearance rates the lowest to date this year. 

While supply chain issues and insolvency risks have eaten away at banks’ appetites for construction lending, non-bank lenders are expected to fill the gap.