Dwellings that have been hanging around on the market for months have started to sell indicating the downturn has finally ended.
News
Westpac announces improvements to loan policies
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16 August 2019
In the wake of their big legal win against ASIC this week, Westpac has announced its plan to improve its loan policies.
APRA has closed the deal on lending serviceability floor changes
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15 August 2019
The nation's financial regulator has moved forward with its plans to scrap the 7 per cent floor for mortgage serviceability assessments.
The Reserve Bank has decided against a third rate cut in a row
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09 August 2019
The Reserve Bank has decided against cutting rates for the third month in a row and has left them at their record-low of 1 per cent.
Negative gearing concessions on vacant land have been scaled back
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07 August 2019
The Federal Government has introduced legislation to Parliament – backdated to July 1 – that cuts back negative gearing concessions on vacant land.
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