Rates of mortgage stress continue to rise

More than 1,035,000 Australian households are now estimated to be suffering from mortgage stress, equating to over 31% of all owner-occupied borrowing households.

ASIC to receive real-time home loan data

In a bid to crack down on excessive and risky home loans being sold, ASIC is seeking to implement a new system of real-time mortgage data collection.

Westpac & UBS flag further housing market weakness

Analysts from two of Australia’s biggest financial institutions have warned that tightening lending standards could continue to lower house prices and weigh down the economy.