Economy

As part of its latest budget, the state’s government will invest nearly half a billion dollars in expediting housing supply and infrastructure.

Analysts have tipped house prices would need to fall by around 22 per cent in 2022 to counterbalance how much higher interest rates will erode housing affordability.

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

Rising inflation concerns and interest rate hikes have dragged borrower sentiment down towards historic lows, according to leading economists.

The Reserve Bank governor has warned Australians to be prepared for higher interest rates as runaway inflation is expected to top 7 per cent.

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.