High-debt lending now capped New debt-to-income (DTI) limits have taken effect as of 1 February, creating a guardrail around the riskiest home loans. From this month, APRA, the banking regulator, will ensure that authorised deposit-taking institutions keep high-DTI loans to no more than 20% of their new mortgage lending in both owner-occupier and investor segments. A […]
High-debt lending now capped Read More »
Rates are rising – here’s what’s changed Borrowers are now feeling the impact of February’s rate move. Since the Reserve Bank of Australia (RBA) lifted the cash rate on 3 February, many lenders – including all four major banks – have increased their variable rates. That means the typical variable borrower is now paying more
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Borrowing activity picks up pace Loan activity is rising again – but that doesn’t mean banks have loosened the gates. The latest Australian Bureau of Statistics data show the number of new loan commitments (excluding refinancing) in the December 2025 quarter was 13.4% higher than a year earlier. Under the surface: Owner-occupier activity rose 7.4%.
Borrowing activity picks up pace Read More »
Good news for anyone planning to buy in early 2025, with the latest data suggesting conditions have turned in favour of buyers.
Buyers gaining negotiating power heading into new year Read More »
Record property prices are proving to be good news for vendors, with 94.3% of all vendors in the March quarter selling their home for more than they’d originally paid, according to CoreLogic. That was the fourth consecutive quarterly increase and the highest share since 2010. However, the share of vendors who made a gross profit
New vendor data shows interesting sales trends Read More »
331% of borrowers have less than 20% deposit. While it’s often said you need a 20% deposit to qualify for a home loan, a significant number of borrowers are securing mortgages with smaller deposits, according to the latest data from APRA, the banking regulator. In the March 2024 quarter, 31.0% of new home loans (by
How many loans have under 20% deposit? Read More »
The federal government has unveiled a series of reforms to the banking sector, which aim to help consumers access lower home loan rates and higher savings accounts rates. As part of the reforms, Treasury will investigate how behavioural economics could be used in the banking sector to encourage consumers to switch to cheaper home loans
Govt wants consumers to ‘get a better deal’ on their mortgage Read More »
Construction tender prices are expected to experience year-on-year increases in every capital city during 2024, according to the latest forecasts from property group RLB. Adelaide (6.5% growth) and Brisbane (6.0%) are likely to have the strongest price growth, followed by Melbourne, Perth (both 5.0%), Sydney, Darwin (both 4.5%) and Canberra (4.0%). Still, that’s a slowdown
Govt infrastructure spending fuelling construction industry Read More »
