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Economy

RBA unmoved ahead of September ‘shock’
7 July 2020
RBA unmoved ahead of September ‘shock’

The central bank has issued a monetary policy strategy update following its monthly board meeting.

NextGen.Net eyes open banking space with new acquisition
7 July 2020
NextGen.Net eyes open banking space with new acquisition

The technology solution provider has acquired open banking fintech Frollo in a bid to “improve lending experiences using open banking”, reduce expenses headaches and improve approval times

Hold off on home buying, say analysts
7 July 2020
Hold off on home buying

Two-thirds of analysts do not believe that now is a good time to purchase a home, according to new research.

Borrowers fail to cash in on lower rates
7 July 2020
mortgagebusiness

More than half of all mortgage holders believe that the interest rate on their home loans could be lower, but are settling for their current rate, according to research.

Auction clearance rates up, volumes down
7 July 2020
Auction clearance rates up, volumes down

A seasonal reduction in the number of homes taken to auction has coincided with an increase in clearance rates over the past week.

COVID-19 shifts home ownership goals
7 July 2020
homeowner goals

Australians are increasingly prioritising spacious living and separate study areas in their next home amid COVID-19 restrictions.

Corona recovery dependent on improved employment
6 July 2020
Corona recovery dependent on improved employment

While Australia will fare better than Europe and the Americas, it will still be a “shocker” of a year, with the eye now on reducing unemployment levels when government support ends, says ...

COVID-19 demand shocks rattle Melbourne housing
6 July 2020
COVID-19 demand shocks rattle Melbourne housing

Melbourne’s property market has taken a harder hit by shocks in employment in the wake of COVID-19, with more shocks expected.

Inaugural loan approved through CDR regime
6 July 2020
Inaugural loan approved through CDR regime

A NAB-backed fintech has helped facilitate the first loan approval under the new open banking regime.

More housing stimulus on the way: Morgan Stanley
3 July 2020
More housing stimulus on the way: Morgan Stanley

The federal government is expected to address mounting headwinds in the residential property market with a new round of housing stimulus.