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Migration flows to narrow house-unit price gap

The return of migrants once borders reopen is expected to spur stronger unit price growth and close the gap with detached houses, according to an economist.

Migration flows to narrow house-unit price gap
Consult on macroprudential intervention first, urges COBA

Introducing macroprudential measures without “adequate consultation” could result in “anti-competitive” consequences, the customer-owned banking association has warned.

Consult on macroprudential intervention first, urges COBA
Building more homes could cut prices by 20%: Grattan Institute

Constructing an extra 50,000 homes a year over a decade could result in house prices and rents being up to 20 per cent lower, the Grattan Institute has estimated.

Building more homes could cut prices by 20%: Grattan Institute
‘We must be mindful of the balance between credit and income growth’: Frydenberg

The Treasurer has met with regulators to discuss the housing market and consider whether “carefully targeted and timely adjustments” are required.

‘We must be mindful of the balance between credit and income growth’: Frydenberg
eftpos becomes first ID broker under digital ID framework

The platform has become the first private sector exchange accredited under the ​​Trusted Digital Identity Framework.

eftpos becomes first ID broker under digital ID framework
Australia needs housing reforms: IMF

The IMF has urged Australia to consider reforms around housing supply and lending standards, citing apprehension around the upsurge in property prices.

Australia needs housing reforms: IMF
APRA to outline macroprudential controls

The regulator is set to release information setting out how it would use macroprudential policy tools, after expressing concerns around the housing and lending markets.

APRA to outline macroprudential controls
CBA CEO ‘increasingly concerned’ with housing debt

The chief of Australia’s largest bank has said lenders should act pre-emptively and shift their floor rates for mortgage serviceability amid surging house prices.

CBA CEO ‘increasingly concerned’ with housing debt
RBA rings alarm on high debt levels

Risks to financial stability could be building as house prices and debt levels keep rising, the Reserve Bank has cautioned.

RBA rings alarm on high debt levels
Westpac outlines risk culture fix

The big four bank has unveiled its response to past regulatory issues, a program meant to improve its risk management and accountability.  

Westpac outlines risk culture fix
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