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The big four banks have all announced that they will increase home loan variable interest rates by 0.50 per cent per annum for new and existing customers.
Owner-occupier and investor loan commitments fell over the month, affirming earlier predictions of a cooling housing market.
The housing corporation has confirmed that five more non-major lenders will be able to offer the Australian government’s deposit scheme.
ANZ’s retail head has revealed there are more than 1,300 obligations the bank must clear before approving an average mortgage – but many are still assessed by hand.