Economy

March figures from ANZ and the HIA have revealed a fall in approvals for residential building, which more than offset the increases in the previous two months.

The CEO of a big four bank expects a reduction in mortgage growth over the next 12 months as regulatory measures slow the Sydney and Melbourne property markets.

The heavy reliance on housing to rebalance the economy after the mining boom has created financial stability and macroeconomic risks, an investment bank has flagged.

CoreLogic’s rolling four-week average clearance rate for the nation is being driven down by Sydney’s final clearance rate drifting lower over the past two months.

Fifty-five per cent of first home buyers do not believe that using their superannuation savings would help them secure their first property, new data has found.

The head of one of Australia’s largest non-bank lenders has questioned comments made by the corporate regulator about the competition brokers generate in the mortgage industry.

In its recently released Statement of Monetary Policy, the Reserve Bank of Australia has highlighted that house prices have “grown briskly” over the past year, which if continued could ...

Eight-five per cent of first home buyers believe that an ‘affordable’ house would cost less than $600,000, while more than half believe it is under $450,000, according to new research.

Reserve Bank governor Phillip Lowe has shared his concerns over rising levels of household debt and the impact of increased property investment on the economy.

New half-year results from NAB show that the bank’s mortgage portfolio now totals just over $320 billion, with $285 billion of it coming from Australian home loans.