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.
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.
The value of Australia’s 10.8 million residential homes has topped $10 trillion for the first time.
Kate Aubrey is the senior content producer of Momentum Media's mortgages titles: The Adviser and Mortgage Business.
Prior to joining Momentum Media, Kate covered regional and breaking news for ABC Radio for more than three years.
She has a Master of Arts in Journalism from the University of Melbourne and a Bachelor of International Business and Business Management from Griffith University.
Email Kate at: This email address is being protected from spambots. You need JavaScript enabled to view it.
Mortgage interest charges have continued to rise, however, have been offset by lower fuel and electricity prices.
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