Economy

The Reserve Bank’s latest Statement on Monetary Policy reported that borrowing growth slowed during 2022’s first half, driven by a lull among owner-occupiers.

Making news this week, RBA announces fourth consecutive rate hike, rate hikes not all doom and gloom, say economists, Owner-occupier refinancing smashed records in June, ASIC actions first ...

As the cash rate heads towards a more normalised setting, borrowers are beginning to think twice about higher loans, according to the home loans marketplace Joust.

As the central bank has ramped up the pace of interest rate rises, economists say it could be having its "desired effect".

Mortgages in Australia, alongside the cost of living, have increased over the last three months, according to new Australian Bureau of Statistics data.

Reserve Bank governor Philip Lowe has bumped the cash rate to almost 2 per cent, signalling rising inflation as the main reason for its decision. 

Economists widely anticipate the central bank will bump the cash rate another 50 bps today (2 August). 

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

Industry experts have doubled down on client retention as inflation and interest rates continue to climb.

Home loan lending remains “stable” over June, with all four major banks reporting an increase to their loan book, according to APRA.