Economy

Despite the price gap between houses and units widening, driven by housing affordability and land scarcity in the big cities, units may be resilient in the face of slowing price growth.

Mortgage industry players have said the pressure is on for an imminent cash rate rise, as inflation has rocketed to a 20-year high of 5.1 per cent.

Tasmania’s top ranking on relative economic performance is under threat from improving mainland economies, latest data from CommSec reveals.

Inflation has hit its highest level since the introduction of the GST, with the market to now eagerly watch for how the Reserve Bank manoeuvres the cash rate.

Home loan activity declined sharply over February, driven by the significant falls in affordability as a consequence of booming house prices.

Economists are yet again tweaking their cash rate forecasts, ahead of CPI data being released this week.

Discover some of the top news stories impacting the mortgages space in this wrap-up for the week ending 22 April   You can read the full stories here:  Government boosts max property ...

Growing rents and slowing house price growth keep housing sentiment steady in Australia, NAB property survey reveals.

With the relaxing of COVID restrictions this year, property sale settlements saw a return to the cities, with most regional areas losing ground, according to PEXA.

Research has found that 584,000 mortgage holders were at risk of mortgage stress at the end of 2021, a “record low” due to government intervention.