Housing remains ‘severely unaffordable’ despite correction
Charbel Kadib
The recent downturn in the property market has not been enough to ease affordability pressures, with Australia’s housing remaining among t...
News
Latest News
Judo Bank touches $1bn in deposits
The SME challenger bank has hit the $1-billion mark in deposits, nine months after receiving its banking licence.
Lack of cash rate ammunition to ‘constrain’ GDP growth
Australia’s annual rate of GDP growth is set to continue floundering over the coming decade, compounded by a lack of monetary policy support, according to ANZ Research.
Prices to exceed peak in ‘unsustainable moon-shot’
Residential property prices are set to exceed their 2017 peak in the coming months, but conservatism from mortgage-holders would likely stun...
Home loan switching rates stumble
The level of refinancing activity has dipped across both the owner-occupied and investor segments of the mortgage market, according to the latest ABS data.
Volt closes $70m equity raise
The neobank has closed a Series C equity funding round, reportedly surpassing its target by $10 million.
Price recovery flips property industry sentiment
Property industry stakeholders are increasingly optimistic about the market outlook amid the rapid recovery in dwelling values, according to new research.
Westpac appoints veteran to oversee AUSTRAC response
The major bank has appointed the final member of an independent advisory panel formed to oversee its response to financial crime regulator AUSTRAC’s investigation.
La Trobe Financial launches bushfire relief package
The non-bank lender will cover loan repayments for bushfire victims that have lost their homes for 12 months, alongside a range of other fin...
Housing recovery ‘squeezing’ FHBs out of the market
The number of housing finance commitments from first home buyers has fallen for the second consecutive month, new ABS data has revealed, wit...
