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Clearance rates at lowest since May 2020: Domain

The number of capital city homes clearing auctions reached its lowest recorded figure in over two years, according to new ...

Distressed listings continue recent uptick over July: SQM Research

The number of Australian properties sold under distressed conditions increased again over July, marking the second ...

Interoperability model still ‘too costly’: PEXA

The property exchange giant has agreed that more competition is needed in the electronic conveyancing space, but warned that ...

Major banks to shutter another 37 branches

The Finance Sector Union is calling on government to intervene in the bank branch “crisis”, after the big four move to close ...

Borrowers hesitant for higher than 80% LVR

As the cash rate heads towards a more normalised setting, borrowers are beginning to think twice about higher loans, ...

Lenders move to pass on RBA rate hike

Lenders have begun to respond to August’s 50-bp lift, with all of the big four banks passing on the full rate.

Rate hikes not all doom and gloom, economists suggest

As the central bank has ramped up the pace of interest rate rises, economists say it could be having its "desired effect"

Mortgage costs, living expenses increase over June quarter: ABS

Mortgages in Australia, alongside the cost of living, have increased over the last three months, according to new Australian ...

No improvement to dwelling approvals over June: ABS

The first month of winter saw no improvement to the recent downswing of approved residential constructions, according to new ...

Investor bond scams surge during first half of 2022

Scams involving investor bonds tripled during the first six months of the year, with rising interest rates tipped as one ...

Owner-occupier refinancing smashed records in June: ABS

A new record has been set in the value of owner-occupier loans being refinanced, according to June figures from the ABS.

Westpac completes sale of life insurance business

The major bank has confirmed that it has concluded its sale of Westpac Life Insurance Services to TAL Dai-ichi Life Australia

ACT offers low rate loans to replace combustible cladding

A new, low-interest-rate concessional loan is set to be rolled out by the ACT state government to help apartment building ...

RBA announces 4th consecutive rate hike

Reserve Bank governor Philip Lowe has bumped the cash rate to almost 2 per cent, signalling rising inflation as the main ...

RBA August rate hike closes in

Economists widely anticipate the central bank will bump the cash rate another 50 bps today (2 August). 

Funding cost pressures should ease by 2023: Pepper

Rising cost of funds are impacting both banks and non-banks at the moment, but should ease from next year, the non-bank ...

Housing price downswing ‘comparable’ with GFC onset: CoreLogic

The property analysis outfit has reported that the current trend for Australian home values mirrors rates observed during the ...

Refinancing surges by 29% across east coast during FY22

The number of borrowers refinancing across Australia’s three eastern states hit record figures over the 2022 financial year, ...

ASIC actions 1st DDO stop orders

The watchdog has utilised its design and distribution obligations powers for the first time, placing interim stop orders on ...

Overseas banks continue Australian expansion

The Australian presence of foreign banks grew over 2021, according to a new MinterEllison report.

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