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Distressed listings remain low despite mortgage concerns

Distressed property listings remained low in November, with some cities reaching record-low levels, despite rising mortgage ...

Wave Money appoints new head of lending

The non-bank lender has announced a key leadership appointment as it looks to continue business growth.

1/3 mortgagors unprepared for current interest rates, report finds

Over one-third of investors and home owners have indicated they are not prepared for interest rates to remain at current ...

Victoria government dumps commercial stamp duty

The Victorian government has confirmed its intention to abolish stamp duty replacing it with an annual property tax aimed at ...

Foreign investor changes ‘won’t solve the housing crisis’

Increasing costs to foreign investors will not be the solution to improving housing affordability, the housing industry has ...

Affordability at ‘new lows’: REIA

Surging housing and rental prices and rising interest rates have exacerbated housing affordability conditions, REIA has found

Treasurer, RBA reveal conduct of monetary policy statement

The statement has emphasised the government’s commitment to an independent Reserve Bank as well as outlining the objectives ...

Ross McEwan appointed chair of ABA 

The major bank chief executive has been appointed chair of the Australian Banking Association for the next two years.

NAB to connect borrowers to home loan bankers in 15 minutes

Borrowers will be able to connect virtually with a home loan banker within 15 minutes, according to a new move by a big four ...

Household savings drop to lowest level since 2007: ABS

Increased interest rates, inflationary pressures, and tax offset removals have eaten away at household savings, the ABS has ...

Bankwest to open progress payments for modular properties

The major bank’s subsidiary has announced the introduction of additional progress payments to support Western Australia’s ...

Which capital values are slowing the fastest?

Capital cities that have led the home price recovery have recorded slowing growth, PropTrack has found.

Banks to be able to offer new form of advice

Financial institutions will be able to offer a new form of personal advice, following a move by the government to create a ...

Bluestone lowers serviceability buffer

The mortgage lender has lowered its serviceability buffer from 2 per cent to 1.5 per cent for certain borrowers, in a bid to ...

Serviceability resilience ‘surprising’ in high rate environment: CoreLogic

Households have remained resilient in servicing increased mortgage costs despite interest rate rises, CoreLogic’s head of ...

Signs of credit risk improve despite higher rates

Credit risk has shown a positive turnaround towards the end of 2023, despite rising interest rates, new data has found.

SA’s rental reforms impact investor tenancy terminations

Recent reforms in South Australia’s residential tenancy laws will implement specific grounds for terminating or declining to ...

E-conveyancers ‘investing heavily’ following UK cyber attack

Local e-conveyancing providers are “taking several steps to ensure we remain vigilant” in the aftermath of the cyber attack ...

BOQ to address disadvantages and invest in ‘legacy issues’

The lender has confirmed it will put further investment into addressing “historic” issues, including developing its digital ...

Residential housing values top $10.2tn

The value of Australia’s 11 million residential homes has topped $10.2 trillion for the first time.

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