News

It’s getting more expensive to build homes in Victoria with building costs rising 5 per cent last year.

In their opening statement for the year, the Reserve Bank has indicated that any movement in rates in the current economic climate would be a slow-moving affair.

The Productivity Commission has raised concerns about mortgage brokers as part of its report on competition in financial services.

Treasurer Scott Morrison has spoken to Australian Financial Review while in the US, and said financial regulators may ease back on home lending restrictions.

Melbourne property growth has been widely forecast to slow down in 2018 from the previous few years of steep growth but is still expected to have another solid year.