Home loan borrowing power to increase under APRA’s latest proposals
The Australian banking regulator has proposed rule changes which could allow households to take out bigger loans.
May 21, 2019
Housing affordability records fastest improvement in six years: HIA
Good news for wannabe first home buyers – Australian housing has recorded the biggest quarterly improvement in affordability in nearly six years, according to the voice of Australia’s residential building industry.
May 20, 2019
Loans.com.au, Bankwest, UBank and others slash mortgage rates
With Australia’s central bank widely expected to cut the cash rate in the coming months, more lenders have this week made rate cuts to some of the mortgages on offer.
May 17, 2019
Unemployment rate rises to 5.2%: RBA to cut rates?
Despite a stronger-than-expected rise in employment in April, Australia’s unemployment rate has risen to 5.2% amid a surge in workforce participation.
May 16, 2019
Wage growth stationary: Annual rate remains at 2.3%
The wait continues for an acceleration in wage growth in Australia, as latest figures show the annual growth rate remains below average at 2.3%.
May 15, 2019
Melbourne the top destination for domestic travellers
Over 1.5 million Australians plan on spending at least one night in Melbourne on their next trip – more so than any other domestic destination.
May 13, 2019
ANZ, Macquarie and others cut mortgage rates despite RBA inaction
While Australia’s central bank continues to sit on its hands, a number of lenders have been busy cutting home loan interest rates this week.
May 10, 2019
Aussie bankruptcies hit 24 year low
Despite record high levels of household debt and mortgage stress in Australia, fewer Australians are filing for personal bankruptcy.
May 09, 2019
Veteran buy now, pay later provider partners with Myer, IKEA & more
Flexigroup, the originator of ‘buy now, pay later’ in Australia, has announced its new payments platform, Humm, will now be available across several additional major retailers.
May 08, 2019
RBA holds rates steady at 1.50%
Australia’s central bank has held the cash rate at 1.50% for the 30th meeting in a row.
May 07, 2019
