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Economy

RBA optimistic amid early COVID relief

The economic downturn may be “shallower” than initially expected, with policymakers easing lockdown measures earlier than anticipated, according to the Reserve Bank.

RBA
House values rose in March quarter

Residential property prices rose 1.6 per cent across the combined capital markets in the March quarter, according to new data from the ABS.

House values rose in March quarter
Home buying sentiment stabilises following COVID drag

A rise in mortgage applications off the back of record-low interest rates has steadied home buying sentiment, following a plunge in recent months, according to new research from the ...

Home buying sentiment
PM hits back at HomeBuilder criticism

The Prime Minister has defended the federal government’s $688-million housing stimulus amid criticism of the scheme’s eligibility criteria.

Scott Morrison
New home sales fall 20%

The number of new home sales has fallen in each of the three months since the introduction of COVID-19 restrictions, according to HIA research, to be down 20.3 per cent over the quarter.

New home sales fall
Pepper Group prices $700m RMBS

The non-bank has successfully priced its PRS 26 transaction, issuing a planned $700 million of bonds backed by Australian mortgages.

Pepper Group
CoreLogic announces new GM appointment

Property research group CoreLogic has announced the appointment of Shelley Horton as its new general manager of valuation solutions Australasia.

Shelley Horton
Stimulus wanes bank dependence on foreign funding

The ratings agency has lauded the federal government’s policy response to the COVID-19 crisis, which it claimed has “improved financial stability” in the banking sector.

Stimulus
HomeBuilder scheme hotspots revealed

CoreLogic has released new research that identifies the regions with the most owner-occupied properties that could take advantage of the HomeBuilder renovation package.

HomeBuilder scheme hotspots revealed
NAB ramps up banker training to ‘raise the bar’

The major bank has announced a new training initiative aimed at improving professional standards across the industry.

NAB
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