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Construction backlog holds up sector

The building sector has been pumped up from the backlog of construction work, but demand is beginning to ease as the cost of mortgages increases.

Construction backlog holds up sector
Major bank sets $6bn affordable housing target

NAB has committed to lending at least a further $6 billion by 2029 towards affordable and specialist housing.

Major bank sets $6bn affordable housing target
Making news this week (ending 2 December)

In case you missed it… softening inflation, poses a ‘dilemma’ for RBA, borrowers receive apology from the Reserve Bank, brokers facilitated more than 70 per cent of mortgages, and more

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Rates’ stress compounded via labour market downturn: Westpac

Household financial stress will ratchet higher as rates increase and would then be impacted by any downturn in the labour market, Westpac Bank has warned.

Rates’ stress compounded via labour market downturn: Westpac
Communication ‘failure’ flagged as borrowers get RBA apology

RBA governor Philip Lowe has issued an apology to borrowers who “acted on what we’d said and now regret what they had done.”

Communication ‘failure’ flagged as borrowers get RBA apology
Brokers now facilitate 71.7% of mortgages

The third-party channel has broken 70 per cent market share for the first time in history, new MFAA data shows.

Brokers now facilitate 71.7% of mortgages
1 in 4 Aussies ‘highly concerned’ about further rate rises: NAB

Data averages are ‘masking’ increased mortgagor stress levels over their home loan debt, a NAB behavioural economist has explained.

1 in 4 Aussies ‘highly concerned’ about further rate rises: NAB
RBA criticised for ‘undershooting and overshooting’, panel reveals

The central bank’s monetary policy approach has been criticised, the panel responsible for the review has revealed.

RBA criticised for ‘undershooting and overshooting’, panel reveals
Making news this week (ending 25 November)

Making news this week … high inflation “only temporary”, RBA says, ‘mortgage stress’ highest since pre-pandemic, RBNZ delivers biggest rate hike yet, tighter regulation push for BNPL, ...

Making news this week (ending 25 November)
‘Temporary inflation episode’, so history doesn’t repeat: RBA

While current high inflation came as ‘a shock’ its pressure could get ‘more variable’, the central bank has warned.

‘Temporary inflation episode’, so history doesn’t repeat: RBA
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