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Economy

Cash rate announced ahead of federal budget
2 April 2019
RBA

The RBA has revealed its cash rate decision for April ahead of the release of the federal budget this evening.

Deeper price falls expected before year’s end
2 April 2019
Suburbs

An additional decline in home values of up to 8 per cent is expected before 2019 draws to a close, with units in Sydney and Melbourne bearing the brunt of the fall, according to new research

Housing market plagued by ‘uncertainties’ as downturn continues
2 April 2019
mortgagebusiness

The fall in residential property values is “losing steam” but could be reinvigorated by changes in the political and economic landscape, according to CoreLogic.

Labor announcement to spark ‘mini surge’ in housing market
1 April 2019
Chris Bowen

The federal Labor opposition has revealed the commencement date for its changes to negative gearing and the capital gains tax, with some expecting investor activity to “surge” in lieu of the ...

ALP to revamp build-to-rent scheme
1 April 2019
House construction

The Australian Labor Party has announced its plans to back a build-to-rent scheme, designed to stimulate the housing market by providing institutional investors with “better tax concessions”

ACCC revises Customer Data Right rules
1 April 2019
mortgagebusiness

Australia’s competition watchdog has released a revised draft of Consumer Data Right rules for public consultation.

Banks triggered credit downturn, concedes ANZ CEO
29 March 2019
Shayne Elliot

ANZ CEO Shayne Elliott has weighed in on the debate over the cause of the downturn in mortgage lending, claiming that the fall has been “supply-driven”.

Thinktank enters residential SMSF market as banks exit
29 March 2019
Thinktank

Thinktank has confirmed its entry into the residential self-managed super fund LRBA market, following a wave of exits by banks.

Structural complexities a ‘noxious weed’ in banking
28 March 2019
Wayne Byres

APRA chairman Wayne Byres has outlined the risks to organisational and cultural resilience across Australia’s banking sector, particularly emphasising the need for structural simplification

Interest-free loans flagged as alternative to housing tax
27 March 2019
Peter Koulizos

A government-financed mortgage deposit fund for first home buyers has been proposed as an alternative to the federal Labor opposition’s housing affordability policy.