APRA primes banks for sub-zero rates
Sarah Simpkins
The prudential regulator has released draft expectations, which could require banks to prepare for zero and negative interest rates.
The prudential regulator has released draft expectations, which could require banks to prepare for zero and negative interest rates.
Property prices are expected to surge higher by end-2023 than they would have without the COVID-19 crisis, according to KPMG.
Sydney auction volumes were down 17 per cent from the initial predicted count, while over 70 per cent of properties sold prior to auction amid the ongoing lockdown.
The banks have launched an extended national relief package for businesses and consumers hit by COVID-19 restrictions, including support around home loans.
The state government has confirmed that it will continue with its current income limits for the Keystart home loans scheme for another year.
Amid multiple lockdowns, preliminary weekly sales over the first 27 weeks of 2021 were 60 per cent higher than 2020 and almost 70 per cent higher than 2019, according to new data.
A survey has found that the majority of Australians believe Chinese investors are driving up housing prices and have made it harder for locals to buy their first home.
Properties sold before and after auctions spiked in Sydney and Melbourne during lockdowns compared with the last five years, according to a report.
House price growth rates in Canberra, Hobart, Darwin and Adelaide are among the top third for cities across the world, according to a new report.
NAB is investing in a $100-million branch transformation program and opening four new-format branches in NSW and Victoria, coinciding with several branch closures.
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