Australian Competition and Consumer Commission chairman Rod Sims says the gap is a show of disrespect from the banks towards their loyal customers.
Major think tank player the Grattan Institute says the new federal government plan to help first home-buyers afford a deposit is ineffective and might even be counterproductive.
High net-worth investors are behind a big surge in capital being invested in the commercial property sector around the country.
Mortgage brokers say the record-low interest rates of just 0.75 per cent will see borrowers borrow more for their mortgage despite debt risks and economic uncertainty.
Some of the biggest movers and shakers in the real estate industry have come out in support of the Government’s calls to release the shackles of tight lending restrictions to get credit flowing again.
The nation’s central bank didn’t stop there, indicating it will cut rates again if employment, economic growth and the global economy don’t improve.
Commonwealth Bank has stoked the fire of competition among the big banks by slashing its fixed interest rates by up to 90 basis points across its mortgage products.
The economic growth forecast for Australia has been heavily reduced, increasing the likelihood of an imminent interest rate cut.
The spectre of automation and technology hangs over a lot of industries in 2019 and the finance and mortgage sectors are not immune from innovation and evolution.
The huge flood of new apartment construction in recent times has left apartment prices close to the city stagnating.
