Making news this week (week ending 3 June)

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Housing values sink for first time since 2020

Australia’s housing boom is on track to end, with new CoreLogic data suggesting prices have fallen for the first time in 20 months.

PM confirms ministry, housing promoted to cabinet

Prime Minister Anthony Albanese has confirmed his government’s first full ministry, while sliding the housing portfolio into cabinet.

NAB finalises $1.2bn Citi acquisition

NAB’s efforts to secure Citigroup’s Australian consumer bank for $1.2 billion have come to fruition.

APRA forecasts rising mortgage portfolio losses

Lenders will soon start seeing increasing losses from home loan portfolios as some borrowers suffer “sizeable repayment shock,” APRA chair Wayne Byres has warned.

Lenders ranked in annual independent broker survey

The results of Momentum Intelligence’s 2022 Third-Party Lending survey of residential mortgage brokers have been released, revealing which lenders are the best-performing in the third-party channel.