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Triple whammy 50-bp cash rate hikes tipped by NAB
Economists at the major bank believe the Reserve Bank will repeat its largest cash rate increase in two decades not once, but twice more.
Brokers continue to write majority of bank mortgages
Nearly 58 per cent of loans funded by banks are originated by the third-party channel, according to APRA statistics.
Refinances ramping up across Australia: PEXA
There has been a significant uptick in customers switching lenders, with refinance volumes across states being as much as 26.7 per cent higher over May.
BNPL ‘debts’ to be included in DTI ratios: APRA
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.
Australian home values top $10 trillion
The value of Australia’s 10.8 million residential homes has topped $10 trillion for the first time.