Economy

Buildings approvals continued a downward fall over May as the rising interest rate environment slows demand.

RBA governor Philip Lowe has delivered its third consecutive cash rate hike as it attempts to slow down rising inflation.

Home loans commitments took a positive turn in May following a fall in April, new data reveals.

Economists from three of the big four banks expect the Reserve Bank will hand down a similar cash rate hike of 50 bps today (5 July).

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

Making news this week, Volt Bank set to exit the banking industry, APRA confirms banks treatment for home guarantees, Australian outright home ownership falls, ASIC wins Cigno and BHF ...

The big four banks continue to dominate the mortgage market with three reporting an increase to their home loan books over May, APRA stats reveal.

ASIC has succeeded in its appeal over breaches of consumer credit provisions by short-term lenders Cigno and BHF Solutions.

Westpac economists expect the Reserve Bank to commence the second fastest tightening cycle since 1990, with a cumulative cash rate rise of 250 bp over nine meetings.

The Reserve Bank governor pledges most Australians will be able to cop another cash rate rise.