Home loan arrears are the highest in years but at this stage pose no threat to financial security, according to the RBA’s head of financial stability Jonathan Kearns.
News
RBA rate cut kicks in as Melbourne records strongest auction clearance rate in months
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19 June 2019
The RBA’s interest rate cut this month looks to have had immediate effect with the strongest auction result in a year being recorded on the weekend.
Melbourne commercial property sector humming along nicely
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14 June 2019
Melbourne’s housing market be in the middle of a correction phase but commercial property in the city shows no such signs of slowing down.
Weak economic undertow carries a steady unemployment rate for May
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13 June 2019
The national unemployment rate stayed at 5.2 per cent for the month of May but the number of jobs created did rise by over 42,000.
Housing affordability back to 2016 levels
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07 June 2019
It has become more affordable to buy than rent in some parts of Australia as housing affordability has returned to 2016 levels.
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