Economy

The Reserve Bank of Australia’s November rate hike will put further pressure on mortgagors, according to Hume Bank chief executive Stephen Capello. 

“Unprecedented events” such as the Ukrainian war contributed to an “underestimation” of inflation, the central bank has determined.

Persistent high inflation would mean dealing with it for longer and even higher interest rates, the RBA has warned.

Some mortgagors who took out a loan before October 2021 wouldn’t service their loan buffer now, CoreLogic has flagged, noting many face “unchartered waters”.

In a call that could have gone each way, the central bank has announced a 25 basis points hike for its Melbourne Cup Day rate decision.

Most big four banks expect a 0.25 per cent rate hike today, but recent inflation data may have put 50bps back on the table.

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

Opposition Leader Peter Dutton has released the Liberal Party's Budget Reply, outlining that people should be able to use their super to buy their own homes.

Given more than 1 million homes were built on average over a five-year period, economists weigh in on the government’s housing target.

The Australian Banking Association has welcomed the government’s National Anti-Scam Centre amid a swathe of breaches.