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Economy

Construction costs increasing, outpacing inflation
7 November 2019
Construction costs increasing, outpacing inflation

The cost associated with housing construction continues to increase, at a pace faster than that of inflation, new research has shown.

Mortgage competition ‘alive and well’, insist big bank CEOs
6 November 2019
ANZ CEO Shayne Elliott and Westpac Group CEO Brian Hartzer

Sharp interest rate discounting among lenders is proof of healthy competition in the mortgage market, according to the chief executives of ANZ and Westpac.

Housing affordability to deteriorate in 2020
6 November 2019
Housing affordability

While affordability improved in the year to September 2019 for new home loan borrowers, affordability will decline again in 2020 as the market rebound picks up steam, Moody’s Investors ...

Auction volumes plummet prior to Melbourne Cup
6 November 2019
Auction

Auction volumes fell 41.5 per cent across capital cities last week, with the plummet driven by Melbourne’s spring racing season, according to CoreLogic.

Cash rate cut stuns punters
5 November 2019
Cash rate cut stuns punters

The central bank has cut the cash rate for the fourth time in six months.

RBA reveals race-day rate verdict
5 November 2019
RBA

The central bank has announced its monetary policy decision for the month of November.

Industry foresees further rate cuts in Feb 2020
5 November 2019
Rate cuts

Industry stakeholders and economists believe the RBA will hold the official cash rate at 0.75 per cent this month, according to a Finder survey. However, there is widespread expectation for ...

Rate cuts fuelling speedy housing recovery
4 November 2019
Sold sign

New data shows national dwelling values rose 1.2 per cent throughout October, the biggest monthly gain seen since May 2015, according to CoreLogic.

Fed cuts again, could ‘offset’ RBA easing
4 November 2019
The US Federal Reserve

The Federal Reserve has cut its funds rate for the third time in three months, undermining the RBA’s efforts to lower the Australian dollar.

New home sales bounce, building approvals to follow
1 November 2019
House in construction

The sale of newly built homes saw a 5.7 increase in September, the second consecutive month of growth in the sector.