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Dwelling approvals data shows ongoing signs of weakness

ABS data has shown another overall drop in building approvals during February.

Major brokerage begins trialling generative AI

A pilot program utilising generative AI to reduce the administrative burden on brokers has been launched by the Lendi Group

Residential dwelling prices drive up household wealth: ABS

Growth of total household wealth accelerated in the December 2023 quarter, the ABS has revealed.

Housing affordability ‘one of the biggest policy issues’: Dutton

The rising cost of housing in Australia is “one of the biggest policy issues we need to get right,” the Leader of the ...

Rate moves not considered in March meeting, RBA reveals

The March minutes have shown the central bank did not deliberate on hiking or cutting the official cash rate.

Housing undersupply continues to boost prices

The ongoing undersupply of housing has continued to drive up home values for the 14th consecutive month.

HSBC Bank pays $33k in alleged CDR breach penalties

The non-major bank has paid penalties following two infringement notices from the ACCC.

Banks see slowed YOY growth: APRA

Australia’s banks recorded less overall loan book growth year on year, APRA has revealed.

Government introduces legislation to ‘modernise’ financial system

The federal government has introduced new legislation to bolster regulatory arrangements for the country’s financial market ...

Calls for increased housing supply ramp up

The federal government has been urged to do more to address the country’s housing supply issue.

Housing affordability won’t be solved by accessing super: ASFA

Allowing access to super for housing will only benefit a minority of members with high super balances, ASFA analysis shows.

‘Time is right’ for government-backed RMBS: Greg Medcraft

The AFG chairman and former ASIC chair says the time is now right to bring about the competition inquiry’s ‘compelling’ ...

Monthly CPI unchanged for third consecutive month

The ABS’ monthly CPI data has revealed another month of stagnant inflation during February.

Profitable home sales assisting in financial stability: CoreLogic

The increase in profit-making home sales has helped support the housing market in a high mortgage cost environment, CoreLogic ...

Mortgage changes recommended by economics committee

The House standing committee on economics has released its Better Competition, Better Prices, putting forward a range of ...

Mortgage stress up despite no rate rise: Roy Morgan

Borrowers at risk of stress hit another record high in February, Roy Morgan research has revealed.

Home buying sentiment at 15-month high: Westpac

Buyer sentiment has increased to its highest level in over a year, but still remains in the low range, the major bank has ...

ING to increase focus on decarbonisation in lending

Helping borrowers reduce emissions will be a key point of focus for the lender this year, ING’s new head of home loans has ...

Retirement inquiry extension focuses on home ownership

A Senate inquiry report into retirement outcomes has been pushed back a full year to examine the role home ownership plays in ...

ANZ settles credit card class action

The major bank has moved to settle a class action lawsuit from 2021.

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