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Economy

Fixed-rate demand falls as rates drop

New research by Mortgage Choice reveals that fixed-rate home loan demand has fallen to its lowest level in more than two years.

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Sydney prices now astronomical

Property prices continue to surge in Sydney while values have fallen in four of Australia’s capital cities.

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Outlook for Australian economy ‘relatively pessimistic’

Although sentiment towards Australia’s economic outlook has improved over recent weeks, it will be short lived, according to one economist.

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Apartment trend drives ongoing rise in housing approvals

Australia could build a record number of homes this financial year after setting its third monthly approvals record in five months.

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Industry leaders sound alarm on rate cut

Industry leaders have warned that the Reserve Bank’s decision to lower the official cash rate today will have serious ramifications for the housing market.

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RBA rate announcment

The Reserve Bank of Australia has announced the result of its monthly meeting following a period of intense market speculation.

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RBA rate announcement

The Reserve Bank of Australia has announced the result of its monthly meeting following a period of intense market speculation.

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Major bank run-off spikes as customers pay down debt

A major Australian lender has recorded a significant increase in its residential loan book run-off and below-system mortgage growth in its results for the first half of 2015.

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Rate decision too close to call

Industry experts are divided on whether the Reserve Bank of Australia will move the cash rate to a new record low.

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Case mounts against ‘friendless’ tax

The Customer Owned Banking Association says opposition is mounting against the government’s proposed deposit levy.

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