Economy

Final auction clearance rates across the country are due to dip below 70 per cent for the first time since mid-August, according to CoreLogic.

A big four bank has revealed that its second-half cash profit will be impacted by an additional $559 million in remediation costs.

The premium end of Sydney and Melbourne’s housing markets is driving a rebound in the property market, according to CoreLogic.

Buoyed by interest rate cuts and relaxation in credit policies, property investors are once again turning their sights to Sydney, according to research.

The managing director of a mortgage management firm is unconvinced by ongoing suggestions of a spike in housing market activity.

The ABA has supported recommendations for the big four banks to partly fund the financial counselling sector.

Dwelling approvals have continued to decline, with construction activity likely to “remain weak for some time”, according to an analysis of the latest ABS data.

The property research group has revealed that it has updated its valuations software to include rural locations.  

The timing of the Reserve Bank’s third cut to the cash rate in five months has been questioned, amid governor Philip Lowe’s claim that the economy is reaching a “gentle turning point”

The recovery in the housing market is gathering momentum through the first month of spring but policy makers and regulators remain relaxed about the rebound to date, according to an analyst