Economy

Cash rate decision announced
3 September 2019
Cash rate decision announced

The Reserve Bank has revealed its cash rate verdict for September, following its monthly board meeting.

Credit curbs in sight as housing rebound accelerates
3 September 2019
Tim Lawless

Regulators could consider a fresh round of macro-prudential measures to keep debt levels at bay, according to one analyst, amid the growing possibility of a “V-shaped” recovery in the ...

BOQ announces resignation of interim CEO
3 September 2019
Anthony Rose

The non-major has announced changes to the bank’s leadership transition plans, following the resignation of its acting chief executive.

3 of the big 4 report mortgage book contractions
2 September 2019
NAB CBA Westpac ANZ

APRA has released a revamped version of its monthly banking statistics, reporting mortgage portfolio contractions of approximately $2.7 billion across three of the major banks.

YBR secures RMBS warehouse facility
2 September 2019
YBR secures RMBS warehouse facility

Yellow Brick Road has announced that it has secured a $120-million residential mortgage-backed securities securitisation warehouse facility as it continues its focus on mortgages.

Apartments drive 9.7% decline in building approvals
2 September 2019
Apartment building in construction

The number of dwellings approved in July contracted by 9.7 per cent over the month and 28.5 per cent over the year, new data from the Australian Bureau of Statistics has shown. 

Climate change key in home-buying process
30 August 2019
Climate change

Climate change has become an important consideration in the property process, with more buyers assessing its potential impact before locking in their desired home.

Negative interest rates ‘only a matter of time’
29 August 2019
Su-Lin Ong

Financial markets are increasingly expecting the Australian cash rate to slip into negative territory, according to the chief economist of a global investment firm.

Federal election created ‘distortion’ in home sales: HIA
29 August 2019
House for sale

The federal election in May this year created a “distortion” in home sales, according to the chief economist of HIA, who noted that the recent quarterly improvement in sales is not ...

Rising mortgage debt undermining role of home ownership
28 August 2019
House property

Concerns about rising mortgage debt among Australians aged 55-plus have been mounting, with a new report stating that loan balances have ballooned by 600 per cent since the late 1980s.