Economy

The federal government’s latest MYEFO has revealed the moves made to combat the country’s housing supply and affordability issues.

The former deputy will soon assume leadership of the state, after his only competition has withdrawn their candidacy.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.

Surging housing and rental prices and rising interest rates have exacerbated housing affordability conditions, REIA has found.

The statement has emphasised the government’s commitment to an independent Reserve Bank as well as outlining the objectives of monetary policy.

Increased interest rates, inflationary pressures, and tax offset removals have eaten away at household savings, the ABS has found.

Households have remained resilient in servicing increased mortgage costs despite interest rate rises, CoreLogic’s head of research has said.

Credit risk has shown a positive turnaround towards the end of 2023, despite rising interest rates, new data has found.

The central bank has held the official cash rate steady in the lead-up to the holiday season.

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgage market.