Housing affordability back to 2016 levels
It has become more affordable to buy than rent in some parts of Australia as housing affordability has returned to 2016 levels.
It has become more affordable to buy than rent in some parts of Australia as housing affordability has returned to 2016 levels.
Westpac are offering a $2000 rebate for each property to new borrowers refinancing their mortgage in a bid for more market share.
Business conditions have remained flat since falling sharply in December according to the recent NAB survey and it has the bank predicting interest rates to be on hold until 2020.
The Bank of Melbourne is launching an aggressive push to turn around sluggish demand for home loans from new customers.
The big banks have got some work to do earning the confidence and trust back from Australians if a new survey is anything to go by.
The nation’s biggest bank is throwing out a sweetener to try to attract first-time home buyers and existing borrowers looking to refinance.
Housing experts say the property market should remain soft for at least two more years – and it’s banks that hold the key.
The major banks have agreed to share customers’ repayment history with each other in a landmark deal aimed at improving customer credit quality assessments.
The Commonwealth Bank has joined two other majors and lifted its home loan interest rate.
Corporate regulator the Australian Securities and Investment Commission and the Australian Banking Association have settled on a revised Code of banking Practice.