Did HomeBuilder cause new home sales to soar in June? Following a record low in May, sales of new homes in June soared by more than three-quarters amid the introduction of the HomeBuilder scheme. By William Jolly ● July 14, 2020
St. George reduces LMI to $1 for first home buyers St. George has announced a bold strategy to help first home buyers enter the property market. By Alex Brewster ● July 13, 2020
How 86 400 plans to ramp up its banking game Celebrating its first anniversary as a bank this week, 86 400 has set itself ambitious targets for the near future. By William Jolly ● July 13, 2020
The second $750 stimulus payment flows from today From today (13 July), the second $750 Centrelink stimulus payment will start flowing through to eligible recipients. By Harrison Astbury ● July 13, 2020
Vendors' pain as a third of Melbourne apartments sell for loss during COVID-19 One in three apartments in Melbourne sold for a loss in the March quarter, as a second wave of the virus and new lockdown measures raise concerns of a bigger hit on the property market. By Emma Duffy ● July 10, 2020
NAB: House prices to fall up to 15% despite improved outlook New data has reaffirmed NAB's view that house prices will fall between 10% and 15% from peak to trough. By Alex Brewster ● July 10, 2020
UBank, Macquarie, AMP slash home loan interest rates In the past week, UBank, Macquarie and AMP all cut home loan interest rates, with one of them cutting by up to 135 basis points. By Harrison Astbury ● July 10, 2020
Up to slash savings account interest rate next week Neobank Up has announced it will be cutting its savings account interest rate by 25 basis points next week. By William Jolly ● July 09, 2020
American Express launches instalment feature on credit cards American Express has dipped its toe into the buy-now, pay-later sector with 'Plan It'. By Alex Brewster ● July 09, 2020
Home buyers leave the market as lending plunges 11.6% The value of new loan commitments for housing plunged 11.6% in May - the largest fall in the history of the data series. By Emma Duffy ● July 09, 2020