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Economy

COVID-induced arrears jump looming: S&P

Home loan delinquencies induced by the economic fallout from the COVID-19 pandemic are set to mount in the final quarter of 2020, according to S&P.

COVID-induced arrears jump looming: S&P
Stalled migration to hammer housing demand

A sharp drop in net overseas migration is expected to have a multipronged effect on housing demand and residential construction activity in the months ahead.

Stalled migration to hammer housing demand
Economy officially in recession as GDP sinks

The economic fallout from the COVID-19 pandemic has triggered the largest quarterly contraction in GDP on record, new ABS data has revealed.

Economy officially in recession as GDP sinks
Major banks to face multipronged earnings test

A deterioration in credit quality, along with both supply- and demand-side constraints on credit growth are set to weigh on the profitability of the big four banks, according to Moody’s.

Major banks to face multipronged earnings test
Economists upbeat about housing affordability

Sentiment around housing affordability among economists and experts is more positive than it has ever been, according to a survey.

Economists upbeat about housing affordability
East coast capitals drag down home values

COVID-related travel restrictions have taken their toll on housing markets across Australia’s largest capital cities, where prices fell further over the month of August, the latest CoreLogic ...

East coast capitals drag down home values
RBA maintains monetary policy settings

The central bank has issued a monetary policy update following its latest monthly board meeting.

RBA maintains monetary policy settings
FHLDS grants four-year head start to FHBs

The government-backed home deposit scheme has accelerated the home ownership ambitions of prospective first home buyers by an average of four years, new data has revealed.

FHLDS grants four-year head start to FHBs
Analysts forecast out-of-cycle mortgage rate hikes

Lenders are expected to increase variable home loan rates despite cash rate inertia from the Reserve Bank, according to analysts.

Analysts forecast out-of-cycle mortgage rate hikes
Wisr reports 95% spike in loan originations

The lender’s loan originations have almost doubled, contributing to a 136 per cent increase in operating revenue.

Wisr reports 95% spike in loan originations
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