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Regulation

Home-buying grants surpass 50k buyers

More than 50,000 people have signed up for the government’s home-ownership schemes for first home buyers and single parents, since they commenced last year.

Home-buying grants surpass 50k buyers
RBNZ raises cash rate

The New Zealand central bank has decided to push up its cash rate and to unwind monetary stimulus, as it considers the country’s “unsustainable” house prices.

RBNZ raises cash rate
APRA makes move on home loan buffers

The prudential regulator is increasing the minimum interest rate buffer it expects banks to use in serviceability of home loans.

APRA makes move on home loan buffers
REA Group to trial ‘financial passport’ for home buyers

Home buyers using realestate.com.au may soon be able to generate a “financial passport” to help them understand their borrowing capacity, as part of a new partnership with Frollo.

REA Group to trial ‘financial passport’ for home buyers
Regulators to tread lightly on macro changes: ANZ

Regulators would look to avoid a “sharp crackdown” on lending at a time when monetary and fiscal policy are aimed at bolstering the economy, according to an economist.

Regulators to tread lightly on macro changes: ANZ
Serviceability buffers in RBA’s sights

Reserve Bank governor Philip Lowe has said regulators are looking to maintain lending standards and serviceability buffers at an “appropriate” level.

Serviceability buffers in RBA’s sights
Macroprudential controls ‘just a cyclical response’: AMP Capital

More fundamental policies by state and federal governments are required to address poor housing affordability in addition to macroprudential policies, an economist has argued.

Macroprudential controls ‘just a cyclical response’: AMP Capital
COVID exacerbated housing affordability crisis: Domain

The real estate platform has warned the pandemic widened the wealth divide, draining Australia’s young people and low-income workers’ ability to buy housing for the long-term.

COVID exacerbated housing affordability crisis: Domain
ANZ loan book continues to fall

ANZ was the only major bank to record a fall in both owner-occupier and total loans in August, continuing its recent trend of a slimmer book, new data has shown.

ANZ loan book continues to fall
ANZ, CBA NZ arms face class action

A multimillion-dollar class action has been filed against the New Zealand units of ANZ and CBA, alleging failure to refund wrongfully charged loan fees to 150,000 customers.

ANZ, CBA NZ arms face class action
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