Economy

Owner-occupied lending grew by over $10 billion in May, but investor lending growth slumped after recently gaining pace, according to new APRA data.

The government has shuffled in some new directors across the boards of its National Housing Finance Investment Corporation and the Australian Housing and Urban Research Institute.

When money has no value, there’s a prevalence of ‘gift lenders,’ and the property market ‘pretends’ to rise, says Semper director Andrew Way.

Australia has the second-highest mortgage debt as a proportion of GDP among OECD nations, according to a new report.

A report has called for a royal commission and the Reserve Bank to address soaring house prices, warning that the Australian property market is threatening the nation’s economic future.

Credit agency S&P Global has upgraded Australia’s outlook from negative to stable, citing the government’s “swift and decisive fiscal and health response” despite sizeable deficits ...

The Minister for Financial Services has faced some pointed questions around the new Family Home Guarantee, with a senator blasting its recently revealed pricing limits.

The NHFIC has revealed the property price thresholds that are applicable to the Family Home Guarantee scheme announced in the 2021-22 federal budget.

Treasury has confirmed that more than 50,000 workers have lost their jobs since JobKeeper ended, but employment is tipped to continue rebounding alongside Australia’s economy post-COVID.

The central bank has announced its official cash rate decision for June, and said that it would be monitoring trends in housing borrowing “carefully”.