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Economy

Mortgage market has ‘never been so confusing’

Ongoing lending changes driven by APRA’s macro-prudential measures have dramatically changed the way one broker is helping his clients.

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Government must reduce upfront housing costs, says industry body

The Housing Industry Association has called for the government to increase funding for the Housing Finance and Investment Corporation to develop measures that could ease affordability ...

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Federal government urged to expand FHB tax break

A real estate industry body has called for the federal government to expand tax incentives for first home buyers in its upcoming budget.

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Fresh calls for low-deposit home loans

The Property Council of Australia has advised the federal government to introduce new nationwide low-deposit home loans to ease housing affordability pressures.

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‘Trump effect’ could prompt rate rise, says analyst

President Donald Trump’s new tax reforms that have led to interest rate rises in the United States could trigger a rate rise in Australia, an analyst has said.

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RBA to lift rates by mid-year: HSBC

Strong economic growth and improvements in the mining sector should see the Reserve Bank begin lifting the official cash rate by mid-year, according to HSBC.

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The rising cost of mortgages

Home loan interest rates have risen steadily throughout 2017, even though the Reserve Bank hasn’t increased the official cash rate since 2010, according to RateCity.

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Sydney drags down national home values

The CoreLogic December Hedonic Home Value Index shows that national home values fell by 0.3 per cent in the month of December.

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Investor confidence falls further in December

Global investor confidence has fallen for the sixth month in a row, dropping by 1.5 points since November, according to State Street Global Exchange.

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Bank receives first Fitch rating

Auswide Bank has announced that it has received a first-time credit rating of BBB+/F2 (long term/short term) with a stable outlook from Fitch Ratings.

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