Economy

Almost one in every two Australians on Commonwealth Rent Assistance are spending at least 30 per cent of their income on rent.

Tasmania’s economic performance continues to lead the country for the eighth quarter in a row, but housing finance commitments were slightly behind other states, new data reveals. 

An economist with Bluestone has responded to predictions that the cash rate will increase in August, calling the notion “nonsensical”.

New loan sale settlements rose in Victoria and NSW and refinancing continues to trend at historical highs in Western Australia, according to the latest data. 

Despite the Reserve Bank digging its heels in on the timing of its cash rate climb, Westpac economists have predicted the right conditions will be fast-forwarded to August.

New Zealand’s Treasury has confirmed the appointment of its new chief economic adviser, nabbed from a big four bank.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

Banks wrote $11.2 billion more in owner-occupied home loans in November – a 0.9 per cent increase on the prior month – as record levels of mortgage activity continue.

The year 2021 has been another turbulent one, with a massive amount of structural change taking place in the mortgages space this year. We review how the shape of the home loan lending ...