News

The Australian Prudential Regulation Authority will be reaching for the stick rather than the carrot as it adopts a newer tough approach.

Financial advisors and mortgage brokers are being offered big commissions – up to 30 per cent bigger than last year – to sell completed apartments during the downturn.

New BIS Oxford Economics figures say Australia’s residential building boom is long gone and housing construction will fall 30 per cent from peak to trough over a two-year correction.

There’s increasing speculation that the Reserve Bank may cut interest rates later this year but the central bank has moved to dispel that notion this week.

There’s more pain ahead for home owners in Melbourne, Sydney and Perth according to new forecasts from Moody’s Analytics.