Rising interest rates put a strain on mortgage borrowers
Increased interest payments drove more Aussies to take on home loans in January, a report revealed.
Regional property market heats up as demand in capital cities cools down
House prices in regional Australia have accelerated faster than in capital cities with two coastal towns posting th...
Home loan rates continue to trend lower amid rate cut call
ING and AMP Bank led other mortgage lenders in dropping the interest rates on their home loan products this week. <...
Riding the term deposit rate rollercoaster: Several cuts, a few hikes
In what could be a reflection of the Reserve Bank’s neutral stance on the cash rate, term deposit products ha...
Time to save for deposit shortens for first home buyers
The path to a first home is a long one, but new data shows saving for a deposit is now a few months quicker on acco...
Wages growth accelerates faster than inflation over 2023
Wages growth in Australia outpaced the annual rate of inflation in 2023, the latest data from the Australian Bureau of Statistics (ABS) revealed.
Renters turn to shared housing to overcome supply hurdles
More and more renters are turning to alternative living setups as they grapple with the ongoing housing supply chal...
Australian Competition Tribunal green lights ANZ’s buyout of Suncorp bank unit
ANZ Group’s $4.9 billion acquisition of Suncorp’s banking arm was authorised by the Australian Competition Tribunal, overturning the decision of ...
Fintech platform helps employees cash out annual leave balance
Fintech platform Subi allows Aussies to cash in on outstanding annual leave balance.
Mortgage rates slide down in anticipation of earlier-than-expected RBA cut
Several lenders continue to drop interest rates on their home loan products amid the release of more data reinforci...
Term deposit rates slashed following upside unemployment surprise
This week's data appears to have dampened the likelihood of further cash rate hikes, meaning term deposit interest rate cuts might be a theme of 2024.
Unemployment rate hits a two-year high in January
Australia’s unemployment rate hit a two-year high as it climbed 4.1% on a seasonally adjusted basis, the late...
Record home prices defy economic indicators – here's why
When it comes to relationship breakdowns in Australia, nothing has been more apparent in recent months than the decoupling between home values and housing ma...
Valentine’s Day sparks financial scams
No rest for the wicked indeed, even on Valentine’s Day, as romance scam activities targeting unsuspecting Aus...
High cash rate spurs refinancing activity in 2023
New mortgages fell as Aussies opt to refinance in a bid to circumvent the impact of high cash rates gripping the ho...
Improving consumer sentiment reality-checked by RBA messaging
With the RBA still warning inflation remains too high, and suggesting further rate hikes remain a possibility, Australians are cautious about getting too opt...
Nearly 19k first home buyers benefit from NSW stamp duty relief
Thousands of first home buyers in New South Wales have saved up to $30,000 in stamp duty following reforms that lif...
Term deposit rates move in different directions in the wake of RBA pause
In the wake of RBA’s decision to keep the cash rate unchanged in February, some of Australia’s big bank...
RBA fence-sitting leads to lenders hedging their bets on home loans
An RBA cash rate hold and a refusal to rule out, or rule-in, further rate hikes has led to quite a few lenders adjusting rates slightly on home loans.
Why do home values fluctuate if there’s a chronic supply shortage?
Generally, prices tend to go higher when supply lags behind demand. But despite the ongoing housing supply shortage...
More sellers in major cities list their properties under distressed conditions
During a traditionally quiet time for residential listings, SQM Research data showed January saw an increasing numb...
Red-hot rental market: Vacancy in Australia’s capital cities at critical levels in January
As tenants grapple with rising rent prices and a chronic supply shortage, the latest PropTrack report points to no ...
Reserve Bank holds rates steady in February, but future hikes 'cannot be ruled out'
After its inaugural two-day meeting, the Reserve Bank on Tuesday has decided to keep the cash rate unchanged at 4.35% in February.
Property settlements down in 2023, but Q4 sales boom suggests growing momentum
Property sales transactions across five mainland states in 2023 fell 9.1% year-on-year, the latest PEXA Property In...