Regulation

While he can’t rule out that the conditions for a rate rise could unfold next year, the Reserve Bank governor has insisted the probability is close to nil.

The majority of mortgage holders are already maintaining higher loan repayments than required and won’t be shaken by a climbing cash rate, according to the Reserve Bank.

In property markets faced with supply and lending issues, an economist has urged the government to launch a second rendition of the HomeBuilder program, specific to regional buyers.

Home owners have built up their cash buffers as a “side effect” of surging housing prices, with the Reserve Bank arguing they’ve gained financial resilience despite higher debt levels

Debt-to-income ratio limits and serviceability buffer changes are to be embedded into APRA’s standard for credit risk management.

Senators have been told money laundering could further push up surging house prices, but real estate lobbyists have warned counterattack measures could also shake the market.

Planning and regulatory processes around developments can drag out the time from zoning approvals to completed housing by up to 12 years, according to a Queensland regional council.

Income and expense verification is the most popular use of Consumer Data Right data, according to a new report from open banking intermediary Frollo.

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

The Reserve Bank has insisted the cash rate will not increase next year, despite inflation creeping up faster than expected.