The Australian Prudential Regulation Authority says household debt is still too high and could be cracking down on high loan-to-income mortgages in response.
Unemployment in Australia has dropped to its lowest level in four-and-a-half years.
Renting your investment apartment out through Airbnb could yield an even better return than finding a long term tenant.
Under what conditions do buyers find a way to pay less for a property than it’s actually worth?
While the horses were stealing the show at Flemington yesterday for the Melbourne Cup, the Reserve Bank kept interest rates on hold at 1.5 per cent for another month.
Melbourne property is outperforming Sydney, who has joined Perth and Darwin as the Australian capital cities to record a fall in house prices over the past three months.
The CoreLogic Property Pulse report has found that owner-occupier first home buyer finance commitments in August hit their highest level since 2009.
Lending caps aren’t going anytime soon after APRA said they would stay until household debt levels stabilise.
Some of the smaller lenders in the mortgage market say stricter lending controls from the Australian Prudential Regulation Authority are hurting their business and taking away the advantage they had over the majors.
New research by RMIT University’s Centre for Urban Research has put a dampener on Melbourne’s global reputation for liveability.
