Economy

A big four bank has announced the appointment of a new chief executive officer.

The Reserve Bank will not be tempted to cut the cash rate in August, despite “significant spare capacity” remaining in the labour market, according to AMP Capital. 

The National Housing Finance and Investment Corporation has provided two loans to social and affordable housing providers, including its first construction loan to a community housing ...

The central bank is confident that its recent cuts to the cash rate, along with APRA’s changes to loan assessment requirements, will improve conditions in the credit space.

Brisbane could be the “winner” in the next stage of the housing cycle, with prices expected to rise by up to 120 per cent by 2028, according to a property industry executive. 

The head of an industry association is calling on lenders to stop “holding [borrowers] to ransom” in their “mortgage prisons” and quickly update home loan serviceability assessment criteria

Auction clearance rates spiked in the June quarter, which, according to CoreLogic, is further evidence of a recovery in the housing market.

House price growth is expected to be “muted” for some time, with “high levels of supply” and continued credit tightening to weigh on the market, according to BIS Oxford Economics.

An increasing number of Australian households are carrying debt at least three times higher than their income, new ABS data has revealed.

An extra $50 per week in mortgage repayments could shave nearly $47,000 off the total interest paid over the life of an average home loan, according to new modelling.