The benefits of supporting stability via lending restrictions could outweigh the resulting costs to competition among the banks, the Reserve Bank has said.
New mortgage and refinance settlements have taken a hit in both Victoria and NSW, which have endured prolonged lockdowns.
The government-backed low deposit lender has promoted its chief financial officer to the role of chief executive.
The amount of debt first home buyers accumulated under the First Home Loan Deposit Scheme relative to incomes declined in the financial year 2021, the NHFIC has revealed.
Calming down the Australian property market will require pre-emptive but delicate action from the regulators, an executive director from Connective has said.
Residential real estate is now estimated to be worth over a record $9 trillion, just five months after reaching $8 trillion in value, according to CoreLogic.
Total formal consumer complaints about the major banks fell by 7 per cent in the 2021 financial year, according to the financial ombudsman.
The non-major banking group has confirmed that it will welcome a new group chief commercial officer in early 2022.
First home buyers could be hit the hardest by the latest round of credit tightening by APRA, according to some in the housing industry.
More than 50,000 people have signed up for the government’s home-ownership schemes for first home buyers and single parents, since they commenced last year.
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