Mortgage business logo

Making news this week (week ending 18 March)

Discover some of the top news stories impacting the mortgages space in this wrap-up for the week ending 18 March.


You can read the full stories here:

New loans to investors rose at a more rapid rate than owner-occupiers during the December quarter, according to new data from APRA.

Reserve Bank governor Philip Lowe said, during the Australian Banking Association Business Summit on Friday (11 March), he doesn’t feel a “mounting pressure” to hike the cash rate, noting it would be a jolt for many borrowers.

The average value for a capital city dwelling is now over $920,000, marking the largest annual increase ever reported by the Australian Bureau of Statistics.

The rising cost of housing and a growing wealth imbalance is an emerging social issue that could threaten “social cohesion”, according to leading demographer, Simon Kuestenmacher, has said.

You need to be a member to post comments. Become a member for free today!
Share this article

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

brokerpulse graph

What are the main barriers to securing a mortgage at the moment?