Economy

The number of apartments approved for building has plunged by 29.5 per cent since July last year, the Australian Bureau of Statistics has reported.

The founder of McGrath Estate Agents has said that despite the Sydney housing market being “overvalued” compared to other areas, it has “no chance of a 40 per cent correction”.

The Banking Executive Accountability Regime would not only provide APRA with the power to remove directors and senior executives from their positions but could also subject them to bonus ...

The release of a new report states that without any major changes to the property market, the lack of property supply is set to get worse.

As regulatory crackdowns see other lenders cool off on interest-only lending, a non-bank lender has announced that it will increase its offering.

The founder and executive director of McGrath Estate Agents has said that the Sydney real estate market is 40 per cent overvalued and “at least 95 per cent through its current cycle”.

New data reveals that property owners are slowly but surely turning away from interest-only (IO) loans and towards principal and interest (P&I).

The Australian Bankers’ Association has acknowledged that there is “more work to be done” to improve trust in the banking sector while announcing new industry benchmarks.

Every Australian state and territory saw a fall in housing delinquencies over June, bringing the national average down to 1.15 per cent, the S&P Performance Index reveals.

First-time buyers are increasingly turning to family members for help in accessing the market as housing affordability challenges bite, a non-major lender has said.