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Economy

Falling house listings add ‘sense of urgency’

Record-low property listings across Australia, coupled with rising buyer demand, have increased competition among buyers and contributed to price growth.

Falling house listings
Investors using rate cuts to pay down mortgage

Property investors have responded to historically low interest rates by paying down their mortgage debt rather than funding new ventures, according to an industry stakeholder.

Investors prioritising mortgage repayments
Uno partners with real estate platform

The online brokerage has partnered with real estate platform Soho, allowing users of the site to instantly check the competitiveness of their home loan rate.

Uno partners with real estate platform
Unconventional tools out of the question, for now: RBA

Unconventional monetary policy is “extraordinarily unlikely”, RBA governor Philip Lowe has said, in response to growing speculation of a move towards negative interest rates or quantitative ...

Philip Lowe
Construction weakness moderates in third quarter

The total value of construction activity fell over the past quarter, albeit below market expectations.

Construction
BOQ completes first phase of capital raising

The non-major bank has raised $250 million in capital, following the completion of a share placement designed to bolster its capital position.

Bank of Queensland
AFCA appoints new general counsel

The financial disputes body has announced the appointment of Anna Campbell to a newly created leadership position.

AFCA
ME amends mortgage serviceability policy

The non-major bank has announced several changes to its residential home lending policy, which include changes to the way it assesses borrower serviceability.

ME Bank
South-east the exception to housing affordability bump

Housing in most areas across Australia has become more affordable relative to income over the past 10 years, with the exception of Sydney, Melbourne and Hobart.

Housing affordability
Bluestone receives upgraded S&P rating

S&P has upgraded the non-bank’s servicer rating off the back of an operational overhaul.

Bluestone
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