Breaking

Dreams of owning a property may have been dashed due to high rates and serviceability buffers squeezing borrowing power, a Domain report says.

A big four bank has announced it will drop its serviceability buffer to 1 per cent for qualifying refinancers from Friday.

The regulator confirmed it will continue to look into how AI is being applied in regard to lending.

The Queensland government has opened applications for grants of up to $50,000 to help deliver more social and affordable housing.

The home loan provider has reached $5 billion in home loan settlements in under four years of business.

NAB has updated its terminal rate forecasts, with all four major banks now expecting the tightening cycle to peak at 4.6 per cent in August.

Higher interest rates may result in households in highly mortgaged regions feeling more pressure than others, CoreLogic research says.

The Albanese government’s Housing Australia Future Fund was rejected by the Senate, deferring the bill until October.

It was a close call between holding the cash rate and increasing it by 25 bps, newly released minutes from the central bank have revealed.

The Albanese government has announced a new $2 billion investment aimed at delivering thousands of new social homes across the country.

The Palaszczuk government has announced 300 more homes have been identified for voluntary buybacks for home owners in flood-prone areas.

Last week saw 1,951 homes go under the hammer across the capital cities, the largest number in 11 weeks, according to CoreLogic.

Sales of new homes increased for the second month in a row in May, according to the HIA New Home Sales report.

A new report has found that banks that do not improve their broker channel experience every year are falling behind their competitors.

From the end of June, the Tax Office is digitising its interactions with foreign investors and their representatives.