Economy

The value of Australia’s 10.8 million residential homes has topped $10 trillion for the first time.

Fewer than 1,400 homes were taken to auction across the capital cities this week, with clearance rates the lowest to date this year. 

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

The Treasurer, Jim Chalmers, has said cost-of-living solutions will be a key focus in Labor’s first budget.

Consumer confidence has hit its lowest level in almost two years, according to data from ANZ and Roy Morgan.

Economists at the major bank believe the Reserve Bank will repeat its largest cash rate increase in two decades not once, but twice more.

Discover some of the top news stories impacting the mortgages space in this weekly wrap-up.

This week’s higher-than-expected cash rate rise will introduce a new fear factor for property buyers, an economist has warned.

Economists from three of the big four banks believe the Reserve Bank will duplicate its largest rate rise in 22 years.

The housing corporation has confirmed that five more non-major lenders will be able to offer the Australian government’s deposit scheme.