Australian housing now worth over $8 trillion
Annie Kane
Residential real estate in Australia is now worth more than $8 trillion, four times the size of the country’s GDP, following a surge in values.
Residential real estate in Australia is now worth more than $8 trillion, four times the size of the country’s GDP, following a surge in values.
The surge in housing prices should be addressed but not through monetary policy, Reserve Bank governor Philip Lowe has stated.
Restrictions that were brought in to curb investor lending in 2017 have led to a “critical undersupply” of rental properties in capital cities, according to the group.
The non-bank lender has launched an IPO at an offer price of $2.89 per share to raise $500.1 million.
The shareholders of the neobank have agreed to the scheme of arrangement that would see NAB acquire all the issued share capital in the company.
ASIC has begun proceedings against the major bank for insider trading and breaches of its licensee obligations during the privatisation of Ausgrid.
The value of total dwellings approved hit a record high in March, driven by a spike in non-residential building, according to new data.
AFG Securities has priced an upsized $750-million residential mortgage-backed securities issue.
The big four bank has reclaimed its title as Australia’s third-largest mortgage lender after strong home loan growth, particularly from the broker channel.
APRA has questioned whether mutual banks are assuming more risk for market share after noting a rise in loans with LVRs of 90 per cent or more.
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