The Reserve Bank has kept official interest rates at 1.5 per cent for the 18th consecutive time, and that’s a record.
With the banking Royal Commission in full swing one of the big questions being asked in the mortgage industry right now is should consumers pay service fees to brokers?
It was a confidence-boosting weekend for Melbourne's property market after CoreLogic figures recorded an auction clearance rate of 67 per cent from a whopping 2078 auctions held.
More hikes are expected to the US Fed’s target funds rate later this year and again in 2019 while the Australian rate stays relatively steady.
UBS says the Australian Prudential Regulation Authority (APRA) has been hinting at moves on serviceability and the banking royal commission has had its early focus on responsible lending and it's building pressure on regulators to act.